Parliamentary panel to look into debit card data breach

November 06, 2016 10:05

Concerned over the biggest-ever breach of debit card data, a parliamentary panel will examine various security issues related to payments in the banking sector and has asked government officials and representatives of some banks to appear before it.

As many as 32.14 lakh debit cards data was compromised and 641 customers across 19 banks were duped of Rs 1.3 crore using stolen debit card data.

The Parliamentary Standing Committee on Finance, which is scheduled to meet later this week, has asked officials from the Finance Ministry, the Corporate Affairs Ministry and various banks to appear before it.

The panel is headed by Congress MP Veerappa Moily. Representatives of State Bank of India, HDFC Bank, ICICI Bank and Yes Bank have been asked to brief the panel on 'security-related issues concerning payments in the banking sector', according to a Lok Sabha secretariat notice.

The notice said the panel will also be briefed by representatives of the Department of Financial Services from the Finance Ministry and the Corporate Affairs Ministry.

The suspected security breach happened through a malware in the systems of Hitachi Payments Services, which serves ATM networks.

There are around 60 crore debit cards operational in India, of which 19 crore are indigenously developed by RuPay while the rest are Visa- and Master Card-enabled.

« Back to LIVE

TOP STORIES

Your safety is govt's responsibility, Maharashtra CM tells Salman Khan

Maharashtra Chief Minister Eknath Shinde on Tuesday visited actor Salman Khan's residence in Bandra in Mumbai's western suburbs and assured him of protection after two persons were arrested in connection with firing at his house.

How Mumbai police traced and arrested 2 Salman house shooters

A senior Gujarat police officer has said that Gupta and Pal were hired by the gang of incarcerated gangster Lawrence Bishnoi to open fire at Khan's house.

Duo fired outside Salman's house to kill him: Police

The Mumbai police's crime branch on Tuesday submitted to a local court that the two arrested accused opened fire outside Bollywood superstar Salman Khan's house 'in an attempt to kill him'.

J-K: Boat carrying school children capsizes in Jhelum, 6 dead

A boat carrying mostly school children capsized in the Jhelum river on the outskirts of the city on Tuesday, leaving six people dead, officials said.

Cong slams India's envoy to Ireland for criticising party

The Congress on Tuesday took strong objection to the criticism directed at it by the Indian envoy to Ireland while responding to an Irish daily's editorial, saying that attacking opposition parties openly in a manner like a 'party...