Will banks return your money, government seeks report; all you need to know about ATM card fraud

Written by | October 21, 2016 | 0

New Delhi: A malware attack has resulted in what could be one of the biggest ATM card frauds. The security of more than 32 lakh debit cards was compromised in India. Several banks have admitted to being hit by cyber attacks.

SBI, the largest bank in the country, has decided to replace over 6 lakh existing debit cards, which have been blocked. The finance ministry on Friday sought a detailed report on the data breach from the RBI and other banks.

 

Filed in: National

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