Requested how the perpetrators obtained the information, he mentioned the primary six digits of the 16-digit quantity are bank-specific. When playing cards are given for fee at petrol pumps or eating places, there’s a risk of acquiring the cardboard quantity from there.
Requested whether or not different banks have confronted related points, Moghe mentioned he was not conscious of it presently.
He mentioned that Axis Financial institution is changing the bank cards of the affected clients and refunding the quantity of the transactions completed. This isn’t a 'shock' for the financial institution.
Moghe mentioned that the Reserve Financial institution has been knowledgeable concerning the incident. The financial institution should think about methods like audit to keep away from such incidents in future.
With inputs from PTI
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