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Theft of 32 lakh ATM card data creates panic; FinMin, RBI on alert; banks block, replacing affected ones


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Theft of 32 lakh ATM card data creates panic; FinMin, RBI on alert; banks block, replacing affected ones
New Delhi, Oct 20 (UNI) Amid fears of unauthorised transactions through ATM cards of several Indian Banks, the Reserve Bank of India (RBI) has asked banks to replace debit cards whose security is suspected to have been compromised after being used in some automated teller machines (ATMs).
Finance Ministry too is on alert and keeping close eye on it.
Major banks have either blocked or are replacing the affected cards on a war-footing.
It is claimed that more than 32 lakh ATM cards have got affected through the process and their PIN numbers have been obtained by unauthorized persons through a malware in the TAM machines.
The issue was first suspected by payment gateways such as Visa, Mastercard and Rupay.

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