SBI blocked 6 lakhs debit card due to malware breach
SBI blocked 6 lakhs debit card due to malware breach

Due to a security breach that happened in a non-SBI ATM, State Bank of India has blocked 6 lakhs debit cards of their customers. The breach happened due to some malware function and could have leaked sensitive information that would result in financial fraud.

‘The Debit cards will be replaced as soon as possible’, said the authority.

The Chief technology officer of SBI, Shiv Kumar Bhasin said that it is not an issue to panic about, the cards are just made inactive and customers can approach their Branch or e-banking or even can call upon their cell phones to file ‘re-carding’ or set their PIN using internet banking.

This replacement exercise is the greatest ever in the Indian Banking sector yet.

According to Bhasin, many other banks also have faced the breach and have requested their customers to change their PINs to safeguard them.

As on July 2016, there were 20.27 crore active debit cards from SBI, according to the Reserve Bank of India website, while SBI's associate banks had a total of 4.75 crore active debit cards, and about 6 lakhs of them are been blocked because of the malware breach.


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