1. ATM security breach: Strict actions to be taken against those responsible; says Shaktikanta Das

ATM security breach: Strict actions to be taken against those responsible; says Shaktikanta Das

Shaktikanta Das, Secretary of the Department of Economic Affairs, on Friday, assured customers to not worry about the safety of their debit card information.

By: | Published: October 21, 2016 1:47 PM
atm security, atm security breach, atm unsafe, unsafe atm, hitachi atm Earlier, after the report of massive security breaches amongst ATM cards, various public and private sector banks had blocked over 32 lakhs debit cards to protect customers from all kinds of frauds. (Reuters)

Shaktikanta Das, Secretary of the Department of Economic Affairs, on Friday, assured customers to not worry about the safety of their debit card information. Das said that a cybersecurity is matter of utter importance and the DEA has asked the banks for details over the security breach. He informed the media that an investigation was being carried out. He told the media that strict actions would be taken against all those responsible for the breach.

Earlier, after the report of massive security breaches amongst ATM cards, various public and private sector banks had blocked over 32 lakhs debit cards to protect customers from all kinds of frauds. The government too had asked these banks all the details of these cards to provide necessary safety measures. Certain private banks, such as the ICICI Bank, HDFC Bank and Yes Bank had also asked the customers to change their PINs as soon as possible. Customers, whose cards have been blocked have been asked to change their PINs in order to unblock and resume normal services.

The State Bank of India is reported to have recalled around 6 lakh cards according to FirstPost. Meanwhile, HDFC bank has asked its customers to use its ATM only for all kinds of transactions. It was reported earlier that the security breach occurred due to a virus in the Hitachi Payment Services’ systems. Hitachi serves as the network of ATMs of Yes Bank.

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