Industry News

3.2 million debit cards compromised in Indian hack

Some 3.2 million debit card credentials in India have been compromised. Described as a “catastrophic cyberattack” and “one of the biggest ever breaches of financial data in India,” the attack is believed to have been initiated through malware infection of the Hitachi Payment Services platform, responsible for ATMs and point of sale (PoS) systems in India.

Visa and Mastercard platforms, State Bank of India (SBI), ICICI, Yes, Axis and HDFC are among companies affected by the breach, which took around six weeks to be discovered. Some victims have reported fraudulent transactions made at a number of ATMs and PoS systems in China. An investigation of the entire networking is ongoing.

“Though most of the suspected fraudulent transactions happened in the Visa and MasterCard network, we thought a whole a forensic audit of the entire network will help us find out where the compromise happened,” NPCI Managing Director AP Hota said.

HDFC Bank advises clients to immediately change PINs and use only HDFC Bank ATMs. Visa, MasterCard, ICICI Bank, Axis Bank and YES Bank have not released statements on the breach.

About the author

Luana PASCU

From a young age, Luana knew she wanted to become a writer. After having addressed topics such as NFC, startups, and tech innovation, she has now shifted focus to internet security, with a keen interest in smart homes and IoT threats. Luana is a supporter of women in tech and has a passion for entrepreneurship, technology, and startup culture.

1 Comment

Click here to post a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • It's quite sad to know but I think, with the amount of personal data released through the Internet, the increasing use of debit and credit cards at the point-of-sale, and more sophisticated hacking tools, it is no wonder criminals jump at every chance to participate in what seems to be the perfect crime.

    Fraud will continue to be a crime of opportunity and the thieves will continue to steal methodically from companies until those companies go out of business. Fraud is a complex, continually evolving crime that often involves multiple sources and methods. Everyone should fight back with robust fraud mitigation strategies across multiple channels, and continue to develop and refine fraud controls to combat the ever-changing fraud landscape while providing consumers with tools and knowledge to prevent, detect and resolve fraud.