Indian banks are scrambling to contain the damage after more than 3.2 million debit cards may have been hacked.
Several banks, including the State Bank of India, advised customers to change their personal identification numbers.
The banks have recalled thousands of debit cards and blocked others that they fear may have been hacked.
The breach is thought to have been caused by malware on an ATM network.
Finance Minister Arun Jaitely said the government was investigating how the security breach occurred.
The National Payments Corporation of India that controls all retail payments systems in India said banks had received complaints from customers that their cards had been used fraudulently in China and the US.
Source: Arab news
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEOMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor