Debit card records breach: No need to panic says monetary Affairs Secretary

Online-payment-credit-card-deals-shopping-ecommerce-Techfoogle-720-624x351
- Advertisement -

Economic Affairs Secretary Shaktikanta Das on Friday reassured the public that there was no cause for panic on the recent data breach that has affected over 32 lakh bank cards.
Das also promised swift action in the matter.

“Customers should not panic because these hackings are done through computers and trail can be easily reached … they should not be alarmed. Whatever action is to be taken will be done fast,” Das said on the sidelines of an event here organised by the German government.


The government has sought a detailed report on the matter and appropriate action will be taken once it is received, he added.

In an unprecedented security breach affecting both private and state-run banks, 32 lakh debit cards are estimated to have been “compromised” by cyber malware attack in some ATM systems.

Fraudulent withdrawals have been reported from 19 banks so far. While several of these, including state-run State Bank of India, have recalled a number of cards, others have blocked the ones suspected to have been compromised.

SBI has advised customers to use its own automatic teller machines (ATMs) for safe transactions and is looking to replace within 10 days around six lakh debit cards, which were blocked by it as a preventive measure, a senior SBI official said in Kolkata on Friday.

“We have set an internal target of seven to 10 days for issuing the new debit cards to the customers whose cards have been blocked,” said SBI Chief General Manager (Kolkata Circle) Partha Pratim Sengupta.
“We advise our customers to use SBI ATMs only at the moment for safe transactions,” he added.

Department of Financial Services Additional Secretary G.C. Murmu said on Thursday that only 0.5 per cent of the total debit card details were compromised, while the remaining 99.5 per cent cards are completely safe and bank customers should not panic.

The National Payments Corporation of India said in a statement that complaints of fraudulent withdrawals have come from 641 customers, and the total amount involved is Rs 1.3 crore, as reported by various affected banks.

IANS

- Advertisement -

Related Articles

What is SLED, how realme gave TV industries a new look with the help of this technology?

Realme has also made a strong place in the TV segment after smartphones. The company has used SLED technology in its TV segment which...

PUBG Mobile will not return to India, PUBG Mobile Ban in India Permanent for now

PUBG News: Several Chinese apps were banned by the Indian government, including the popular Battle Royal game PUBG Mobile. The game had a large...

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

43,176FansLike
535FollowersFollow
45,700SubscribersSubscribe

Latest Articles

What is SLED, how realme gave TV industries a new look with the help of this technology?

Realme has also made a strong place in the TV segment after smartphones. The company has used SLED technology in its TV segment which...

PUBG Mobile will not return to India, PUBG Mobile Ban in India Permanent for now

PUBG News: Several Chinese apps were banned by the Indian government, including the popular Battle Royal game PUBG Mobile. The game had a large...

Samsung Galaxy A42 5G may be launch with the latest Snapdragon 750G processor, the report reveals

Samsung's upcoming smartphone Samsung Galaxy A42 5G has been in the discussion for a long time. Recently...

How To Protect Your Smartphone From Hackers, then follow these Tips

protect your smartphone from hackers: Smartphone usage has increased sharply in the Corona era, so hacking cases...

Vivo launched its first Smartwatch Vivo Watch equipped with a heart rate and blood oxygen sensor

Vivo has launched its first smartwatch Vivo Watch. This latest smartwatch has been made available in 42mm...