Jaitley asks detailed report on debit card data theft

21 October, New Delhi

Union Finance Minister Arun Jaitley Friday said the government has sought a detailed report on a large number of ATM debit card data theft which is the biggest security breach in the Indian banking industry.

As per reports now more than 32 lakh debit cards have been affected over. Talking to reporters, the Finance Minister said the government has asked RBI and banks concerned to provide all details of the data breach. Not only this, ministry has asked the banks to take all possible measures to ensure it does not repeat in future. It’s a clear cur case of cyber crime and banks should prepare to deal with such crimes.

Economic Affairs Secretary Shaktikanta Das too reacted on the issue and said the Ministry taken it seriously and taking steps in this regard. There is no need to panic on the issue. He promised swift action in the matter.

He said that these hackings are done through computers and a trail can easily be reached. Costomers should not be worried. Whatever action has to be taken, it will be done with speed. It is said 32 lakh debit cards of major public and private banks are suspected to have been compromised by a cyber malware attack in some ATM systems.

International organisation, the Payment Card Industry Security Standard Council, is conducting the forensic audit of the breach and its report is expected by October-end

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