India’s largest lender State Bank of India has advised its customers to use the bank’s own ATM network after the security breach of around six lakh debit cards issued by the bank, a bank official said.
“We are advising our customers to use SBI’s ATM Network as a pro-active measure. On the other hand, the bank is also replacing around six lakh debit cards within two weeks,” Partha Pratim Sengupta, CGM of SBI Bengal circle, told to the media. The bank has even blocked all those debit cards whose security had been reportedly breach due to the malware attack.
Some of the country’s large private banks such HDFC Bank, HDFC Bank, ICICI Bank, YES Bank etc. among others too are facing the same problem and several of the customers’ debit cards are being reportedly being compromised. It is to be seen whether these banks also take precautionary measures and suggest their customers to not to transact through other ATM network.
Government says people their interests will not be harmed
The government also got cracking on the debit card fraud, asking banks concerned and RBI to submit a report on the nature of security breach which compromised over 3.25 million cards and assured customers that strong action will be taken while their interests will not come to any harm.
Around 1.3 crore debit cards’ data has been stolen
“I have sought a report in the debit card issue. The idea is to contain the damage,” Finance Minister Arun Jaitley told media persons. As per the information of National Payments Corporation of India, as many 641 customers across 19 banks have been cheated of Rs 1.3crore using stolen debit card data.
Government asks RBI to send the details of the data breach
Center government asked the Reserve Bank of India as well as the affected banks to provide details of the data breach. On the other hand, Department of Economic Affairs Secretary Shaktikanta Das said a report has been sought on all aspects.
“There is no cause of fear. The integrity of IT system of banks is robust and Government is taking up this issue seriously and will take also action as well, he said. The government has seized the matter and reports have been called from RBI and banks to know what exactly has happened. The government, he said, is seized of the matter and reports have been called from RBI and banks to know what exactly has happened.