Source: News Bharati English21 Oct 2016 17:11:38

New Delhi, October 21: Promising people of the nation with protection towards what is considered to be biggest breach of banks’ security; Economic Affairs Secretary Shaktikanta Das on Friday said there is no need to feared security breach that affected over 32 lakh cards.
Union Finance Minister Arun Jaitley has called for the reports on the matter. Jaitley has also directed for through investigation on the matter. Minister also said that Government aims to minimize the risks to the biggest level.

The government, he said, has sought a detailed inquiry report into the issue and appropriate action will be taken once it is received.“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.

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.

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.

The umbrella 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.