73 State Bank Of India Cardholders Report Fraud Withdrawals

73 State Bank Of India Cardholders Report Fraud Withdrawals

All India | Press Trust of India | Updated: November 22, 2016 20:57 IST

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73 State Bank Of India Cardholders Report Fraud Withdrawals

State Bank of India (SBI) has informed that it has blocked about six lakh card

NEW DELHI:  As many as 73 cardholders of the country's largest bank State Band of India had reported fraudulent withdrawals of a total of Rs. 39.18 lakh till November 4 following data breach that hit millions of ATMs.

State Bank of India (SBI) has informed that it has blocked about six lakh cards, Minister of State for Finance Santosh Kumar Gangwar said in a written reply in Rajya



Sabha.

The state-owned lender said however that its "systems" are robust and its debit cards are not at risk.

The Reserve Band had earlier said it came to its notice on September 8 that details of certain cards issued by some banks had been possibly compromised at ATMs linked to the ATM Switch of one of the service providers.

About 32.14 cards of public and private sector banks was breached. 

Following the data breach, 19 banks had recalled the compromised cards.

Replying to several related questions, Mr Gangwar said that the Reserve Bank of India or RBI has informed that the matter was under investigation.

Independent investigation by a forensic auditor approved under Payment Card Industry Data Security Standard (PCI-DSS) framework is under process.

RBI has been carrying out IT examination of banks from last year.