An important information for all Indians as reported by:-
By Saloni Shukla & Pratik Bhakta,
ET Bureau | Updated: Oct 20, 2016, 04.47 PM IST
Banks in India will either replace or ask users to change the
security codes of as many as 3.2 million debit cards in what's emerging as one
of the biggest ever breaches of financial data in India, people aware of the
matter said. Several victims have reported unauthorised usage from locations in
China.
Of the
cards, 2.6 million are said to be on the Visa and Master-Card platform and
600,000 on the RuPay platform. The worst-hit of the card-issuing banks are
State Bank of India, HDFC BankBSE -0.25 %, ICICI BankBSE 4.72 %, YES Bank and
Axis Bank, the people said.
The
breach is said to have originated in malware introduced in systems of Hitachi
Payment Services, enabling fraudsters to steal information allowing them to
steal funds. Hitachi, which provides ATM, point of sale (PoS) and other
services, couldn't be reached for comment late Wednesday.
A
forensic audit has now been ordered by Payments Council of India on Indian bank
servers and systems to detect the origin of frauds that might have hit customer
accounts. NPCI Managing Director AP Hota said: "We have received
complaints from banks about debit cards being used in China which aroused
suspicion."
"Though most of the suspected fraudulent transactions
happened in the Visa and MasterCard network, we thought a whole a forensic audit
of the entire network will help us find out where the compromise
happened," he said.
HDFC Bank said it had already taken action in the matter a few weeks back. "Besides advising those customers who we know have used a non-HDFC Bank ATM in the recent past to change (their) ATM PIN, we are advising our customers to use only HDFC Bank ATMs as we believe security controls at some of the other bank ATMs may not be at par with HDFC Bank ATMs," a spokesperson said. "We take this opportunity to reiterate that it's always prudent to change ATM PINs from time to time. It prevents misuse."
HDFC Bank said it had already taken action in the matter a few weeks back. "Besides advising those customers who we know have used a non-HDFC Bank ATM in the recent past to change (their) ATM PIN, we are advising our customers to use only HDFC Bank ATMs as we believe security controls at some of the other bank ATMs may not be at par with HDFC Bank ATMs," a spokesperson said. "We take this opportunity to reiterate that it's always prudent to change ATM PINs from time to time. It prevents misuse."
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