New Delhi: Amid the sense of panic among Indian customers after 3.2 million debit cards were declared to be at risk from fraudsters who had stolen crucial data allowing them to siphon off funds, Union Finance Minister Arun Jaitley said that a detailed report from the RBi has been sought and that there is no need to panic.
Jaitley said that the finance ministry has asked for a detailed report from RBI and National Payments Corporation of India (NPCI) about the debit card information breach.
Meanwhile, an enquiry is underway in this big fraud.
Earlier, according to a statement issued by the NPCI, 641 customer complaints from 19 banks have been received and the amount involved is Rs. 1.3 crore.
“All affected banks have been alerted by all card networks that a total card base of about 3.2 million could have been possibly compromised. It was established through the analysis after such frauds were reported that there was a possible compromise at one of the payment switch provider’s system. Based on the analysis, NPCI and other schemes identified the period of compromise and the possible card numbers which could have been compromised during that period,” the statement said.