Indian banks replace millions of debit cards after possible breach
Indian banks have asked customers to change the PINs, and in some cases blocked access, to 3.2 million debit cards after concerns about a security breach.
The issue surfaced in September when some banks complained that their customers’ cards were used fraudulently mainly in China and the U.S. while the account holders were in India, the National Payments Corporation of India said late Thursday.
India’s top government-controlled bank, the State Bank of India, said earlier this week that after card network companies like Visa and MasterCard had informed various banks of a potential risk to some cards because of a data breach, it had taken the precautionary measure of blocking the cards identified by the networks.
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