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Hacked Debit Cards Reportedly Used in China.
Chidambaram asked Jaitley as to how the government plans to protect the privacy of bank accounts and income tax details of people.
The massive financial breach has hit India's biggest banks including State Bank of India (SBI hdfc Bank, Yes Bank, icici Bank and Axis, and customers are advised to change their ATM PIN immediately.M webinar, August 23, 2017.SBI has blocked affected debit cards and will re-issue over 600,000 cards.Mastercard also denied that its systems were breached, issuing the following statement: "We're aware of the data compromise event.Chief Information Security Officer - csra - Merrifield,.Chip-and-Pin cards ) store your data in encrypted form and only transmit a unique code (one-time-use Token) for every transaction, making these cards more secure and lot harder to clone.Jaitley replied: I think Pentagon got hacked without Aadhaar being there.The extent of damage due to breach also depends on the type of cards customers are using.
Cards which use Magnetic Stripe transmit your account number and secret PIN to merchants in a way that it could make easy for fraudsters to hack them, making these cards easier to clone.
Earlier, Congress leader and former Finance Minister.
Dont say it is due to Aadhaar, Jaitley said while replying to a debate on the Finance Bill 2017 in the Rajya Sabha.If technology can be breached, doesnt mean we shouldnt use technology.It is not yet clear who is behind the cyber attack, but the report adds that a number of affected customers have observed unauthorized transactions made by their cards in various locations in China.Aadhaar linkage with IT returns, bank accounts will happen despite hacking fears: Arun Jaitley.Forgot Your Password Message.Here's what SBI CTO Shiv Kumar Bhasin told the publication: "It's a security breach, but not in our bank's systems.Whereas, banks who are using EMV (Europay, MasterCard, and Visa) chip-equipped cards (better known.Resources, latest News, latest Tweets and Mentions.Featured Jobs, chief Information Security Officer - San Bernardino County - San Bernardino,.