Debit card data breach: Swift action to be taken, says Arun Jaitley

In the biggest-ever security breach affecting the Indian banking sector, 32 lakh debit cards of various public and private sector banks are feared to have been 'compromised' by cyber malware attack in some ATM systems.

By: PTI | New Delhi | Updated: October 21, 2016 2:16 pm
gst, goods and service tax bill, bst bill, arun jaitley, jaitley, gst news, gst council, gst council meeting, goods and services tax, cgst, igst, gst news, business news, economy news, latest news, indian express There are around 60 crore debit cards operational in India, of which 19 crore are indigenously developed by RuPay while the rest are Visa- and Master Card-enabled.

Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there is no need to panic over the feared security breach that affected over 32 lakh cards. The government, he said, has sought a detailed inquiry report into the issue and appropriate action will be taken once it is received.

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“Customers should not panic because these hackings are done through computer and trail can easily be reached… they should not be alarmed. Whatever action has to be taken, it will be done with speed,” Das said on the sidelines of a German government event here.

In the biggest-ever security breach affecting the Indian banking sector, 32 lakh debit cards of various public and private sector banks are feared to have been ‘compromised’ by cyber malware attack in some ATM systems.

Several banks, including state-owned SBI, have recalled a number of cards while many others blocked the ones suspected to have been compromised and asked their customers to change PIN (personal identification number) before use.

Read | Multiple banks hit: 3.2 million debit cards compromised; how it happened, what happens now?

Fraudulent withdrawals have been reported from 19 banks so far while complaints have been received from a few banks that their customers’ cards were used fraudulently abroad, mainly in China and the US while the customers were in India.

Yesterday, department of financial services Additional Secretary G C Murmu said only about 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.

There are around 60 crore debit cards operational in India, of which 19 crore are indigenously developed by RuPay while the rest are Visa- and Master Card-enabled.

“Since the data compromise took place from specific machines within a particular time period, it is just a limited issue and banks have asked their affected customers to replace their card or change their PIN,” Murmu had said, adding that other cards are not affected at all.

The ubmrella body of all retail payments system in India — the National Payments Corporation of India — yesterday said all affected banks have been alerted by card networks.

Of the 32 lakh cards affected due to the malware function, 6,00,000 were RuPay enabled ones.

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, NPCI said in a statement.

Talking about India-Germany relations, Das said various development agencies from Germany have committed 1.1 billion euro to be spent over the next year.

Funding is being done in the area, which is a priority for the government like renewal energy, Clean India and Clean Ganga, he further said.

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  1. M
    Mvyas
    Oct 21, 2016 at 10:34 am
    YASH BIRLA charge sheeted today.. B Birla tarnished... Kumar Mangalan should come forward and should take charge of all public limited companies under his fold and chairmanship... Ultimately he is also from b Birla.. Yash his cousin failed in all respect.. Cheated and looted small investors and shareholders..
    Reply
    1. A
      ashok s
      Oct 21, 2016 at 10:18 am
      This is not another scam ,which is scam n fraudulent scheme prone. Go visit Talenthouse and find out how creative artist are fooled . you submit your art which is never paid on top your artworks can be easily downloaded without your knowledge. Who benefits the site owner and your service provider ,but artist gains nothing but a fake hope he will be paid . check phantom story invites, where u write story but they make story bank out of it so that phantom and sponsors don't pay for story which is backbone of a movie . check movie PINk was written by whom and who got credit and money. Check maruti invites whose Advt writer has not received any dues . check maruoti robot design invites. Please I.e check comments columns.
      Reply
      1. M
        mumbikar
        Oct 21, 2016 at 10:14 am
        just shut up please, u are the worst FM our country has ever had.
        Reply
        1. M
          Mayur Panghaal
          Oct 21, 2016 at 10:30 am
          Data breach ?lt;br/gt;Every so called system in this country has collapsed.lt;br/gt;If you want to know about our 'prowess' in cyber security, just visit the nearest cyber cell office of police in your city....and have a good laugh.lt;br/gt;Can bhajnath singh tell us who was operating the fake Hafiz Saeed Twitter account praising JNU students ? can bhajnath tell us why it was shut down when caught ? Who was operating that ac bhajnath ? And in the past the account was showing praise for Arvind Kejriwal.lt;br/gt;What a state of affairs !!! Shocking !!!
          Reply
          1. M
            Mayur Panghaal
            Oct 21, 2016 at 10:24 am
            Data breach ?lt;br/gt;Every so called system in this country has collapsed.lt;br/gt;If you want to know about our 'prowess' in cyber security, just visit the nearest cyber cell office of police in your city....and have a good laugh.lt;br/gt;What a state of affairs !!! Shocking !!!
            Reply
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