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FinMin asks RBI to submit report within 10 days on debit card data breach

FinMin asks RBI to submit report within 10 days on debit card data breach

India Blooms News Service | | 23 Oct 2016, 02:55 pm
New Delhi, Oct 23 (IBNS): The Finance Minister has asked various agencies including the RBI to submit the report in 10 days on the security breach involving over 32 lakh debit cards, reports said.

The report will help the ministry to understand exactly where the hacking took place.

Earlier this week, Finance Minister Arun Jaitley had said the government asked RBI and banks to provide details of the data breach.

He had also directed the banks to prepare to deal with cyber crimes.

According to reports, about 32.14 lakh debit cards of various public and private sector banks have been ‘compromised’ by cyber malware attack in some ATM systems.

Several bank, including the State Bank of India (SBI), have recalled a number of cards or blocked many cards or asked customers to change their PIN number.

According to the National Payments Corporation of India, as many as 641 customers across 19 banks have lost Rs 1.3 crore, stolen from debit card data.

Image: pixabay.com