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Finmin seeks info on debit cards security breach

News and Press Release - Dated:- 21-10-2016 - Concerned over security breach in 32 lakh debit cards of various banks, the Finance Ministry has sought details from lenders as also the additional steps that need to be taken to avert such incidents. According to the ministry sources, the Department of Financial Services has sought information about implication of such data compromise from Indian Banks Association. We have got information from SBI that PIN (Personal Identification Number) related wi .....

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ecurity breach at a payment services company which manages ATM network of a private sector bank, forced other lenders to block and recall debit cards of more than 32 lakh customers to protect them from falling prey to any financial fraud. While some of the banks like SBI have re-called around 6 lakh cards, others like Bank of Baroda, IDBI Bank, Central Bank and Andhra Bank have already replaced their debit cards which are affected as a pre-emptive measure. Some of the lenders like ICICI Bank, HD .....

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