RBI asks banks to replace 17.5 lakh debit cards

  1. The RBI has asked banks to replace debit cards whose security is suspected to have been compromised after being used in some ATM’s
  2. The issue was first suspected by payment gateways such as Visa, Mastercard and Rupay
  3. Cards falling in the suspicious category and needing replacement would number about 17.5 lakh
  4. Debit cards and credit cards face security issues when unauthorised parties access confidential details embedded in the card
  5. Such access could happen even as the card is being used in an ATM
Cyber Security – CERTs, Policy, etc
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