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Debit Card data breach: Govt promises prompt action

By The Assam Tribune
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NEW DELHI, Oct 21 - The government today got cracking on the debit card fraud, asking banks concerned and RBI to submit report on the nature of security breach which compromised over 3.25 million cards and assured customers that strong action will be taken while their interests will not come to any harm.

�Have sought a report in the debit card issue. The idea is to contain the damage,� Finance Minister Arun Jaitley told reporters here.

According to the National Payments Corporation of India, as many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data.

The government asked the Reserve Bank of India as well as the affected banks to provide details of the data breach and also preparedness to deal with cyber crimes.

Department of Economic Affairs Secretary Shaktikanta Das said a report has been sought on all aspects.

�There is no cause for alarm. The integrity of IT system of banks is robust and whatever action is required, the government will take promptly,� he said.

The government, he said, is seized of the matter and reports have been called from RBI and banks to know what exactly has happened.

A preliminary input �sort of report� has already come in and the government is awaiting further details from the final report, he said. � PTI

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Debit Card data breach: Govt promises prompt action

NEW DELHI, Oct 21 - The government today got cracking on the debit card fraud, asking banks concerned and RBI to submit report on the nature of security breach which compromised over 3.25 million cards and assured customers that strong action will be taken while their interests will not come to any harm.

�Have sought a report in the debit card issue. The idea is to contain the damage,� Finance Minister Arun Jaitley told reporters here.

According to the National Payments Corporation of India, as many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data.

The government asked the Reserve Bank of India as well as the affected banks to provide details of the data breach and also preparedness to deal with cyber crimes.

Department of Economic Affairs Secretary Shaktikanta Das said a report has been sought on all aspects.

�There is no cause for alarm. The integrity of IT system of banks is robust and whatever action is required, the government will take promptly,� he said.

The government, he said, is seized of the matter and reports have been called from RBI and banks to know what exactly has happened.

A preliminary input �sort of report� has already come in and the government is awaiting further details from the final report, he said. � PTI

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