Security breach: State Bank of India blocks over 600,000 debit cards after malware breach at non-SBI ATMs

ToI reports:

Pune: In one of the biggest card replacements in Indian banking, State Bank of India has said that it will re-issue around six lakh debit cards to customers, which have been blocked following a malware-related security breach in a non-SBI ATM network.

“It’s a security breach, but not in our banks’ systems. Many other banks also have this breach — right now and since a long time,” Shiv Kumar Bhasin, SBI’s chief technology officer (CTO), told TOI, adding that customers who used their cards only at SBI-run ATMs have not been affected by this. “A few ATMs have been affected by a malware. When people use their card on infected switches or ATMs, there is a high probability that their data will be compromised,” Bhasin said.

Read more on Times of India.

Note: 6 lakh = 600,000 

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2 comments to “Security breach: State Bank of India blocks over 600,000 debit cards after malware breach at non-SBI ATMs”

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  1. Chandana Pitta - October 21, 2016

    It is a futile exercise trying to know if your card details were stolen. What really matters is that your money should be safe. Incase your account is showing unauthorized transactions, report it to your bank immediately. The RBI has issued a new circular as per which the banks will have to reimburse all such transactions that have occurred as a result of data breach.

  2. nsongs - October 22, 2016

    Incase your account is showing unauthorized transactions, report it to your bank immediately

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