The Reserve Bank of India (RBI) has said that a forensic auditor is investigating the debit card data breach affecting Indian banking system under Payment Card Industry Data Security Standard (PCI-DSS) framework.
The RBI said that it will submit a report on the issue within the next ten days to the finance ministry. The move by the RBI comes in the wake of several public and private sector banks being made to recall or block over 32 lakh debit cards to safeguard their customers from financial fraud.
The finance ministry has asked various agencies, including the RBI to submit their report in ten days. Finance Minister Arun Jaitley had said last Friday that the government has sought a detailed report on the extent of debit card data compromise following the biggest security breach in the Indian banking industry that affected over 32 lakh card holders. “I have sought a report in the debit card issue. The idea is to contain the damage,” Jaitley said.