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Debit card security breach scare: SBI advises customers to use its own ATM service

Country’s Largest Bank And Commercial Lender State Bank Of India, Has Now Advised Its Customers To Use The Bank’s Own ATM Network After The Reports Of Major Security Breach Of About Six Lakh Debit Cards Issued By The Bank.

News Nation Bureau | Edited By : Hina Khan | Updated on: 21 Oct 2016, 04:08:32 PM
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New Delhi:

Country’s largest bank and commercial lender State Bank of India, has now advised its customers to use the bank’s own ATM network after the reports of major security breach of about six lakh debit cards issued by the bank.

The Bank advised to use SBI’s ATM network only as a pro-active measure. Meanwhile, the bank is also aiming at replacing around six lakh debit cards within two weeks.

ALSO READ: (SBI and its subsidiary banks block 6.25 lakh debit cards after suspicious transactions at third-party ATMs)

Reports suggested that the Hitachi Payment Services were infested with malware that helped the cyber attackers to lift personal information from the cards (once you swipe to make your transaction) thereby releasing all the personal details to make fraudulent transactions.

For the Bengal circle the bank is aiming at disbursing Rs 1,000 crore towards retail credit during the festive season. To avoid any future instances of fraudulent practices, banks have been alerting the customers about the breach by asking them to change the security PIN or even replacing the cards.

ALSO READ: (32 lakh debit cards affected by security breach: HDFC, SBI, Yes Bank, ICICI and Axis worst hit)

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First Published : 21 Oct 2016, 03:57:00 PM

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SBI ATM Debit Card Security Breach