A few ATMs have been affected by malware. Many other banks also have this breach-right now and since a long time. "It's a security breach, but not in our bank's systems. Here's what SBI CTO Shiv Kumar Bhasin told the publication: SBI has blocked affected debit cards and will re-issue over 600,000 cards. SBI Blocks and will Re-Issue 600,000 Debit Cards Whereas, banks who are using EMV (Europay, MasterCard, and Visa) chip-equipped cards (better known as Chip-and-Pin cards) store your data in encrypted form and only transmit a unique code (one-time-use Token) for every transaction, making these cards more secure and lot harder to clone. The extent of damage due to breach also depends on the type of cards customers are using.Ĭards which use Magnetic Stripe transmit your account number and secret PIN to merchants in a way that it could make easy for fraudsters to hack them, making these cards easier to clone. Some banks, including the country's biggest lender SBI, have announced that they'll replace compromised debit cards, while others banks, including HDFC Bank, have urged their customers to change their ATM PINs and avoid using ATMs of other banks. It is not yet clear who is behind the cyber attack, but the report adds that a number of affected customers have observed unauthorized transactions made by their cards in various locations in China. Hacked Debit Cards Reportedly Used in China Of 3.2 Million debit cards, 2.6 Million are powered by Visa or Mastercard and rest 600,000 work on top of India's own RuPay platform.
0 kommentar(er)
