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SBI blocks more than 6L debit cards due to security breach
India's largest lender State Bank of India (SBI) has blocked over six lakh debit cards after a security breach happened due to transactions in a non-SBI ATM network. The bank said it would re-issue fresh cards to those whose cards have been blocked.

The breach has happened due to a malware-related security breach in a non-SBI ATM network. The malware catches the sensitive informations that can lead to financial frauds. But then, customers who have performed transactions only at SBI ATMs have not been affected with the development.

"A few ATMs have been affected by a malware. When people use their card on infected switches or ATMs, there is a high probability that their data will be compromised," said SBI's chief technology officer (CTO), Kumar Bhasin to TOI. "It's a security breach, but not in our banks' systems. Many other banks also have this breach - right now and since a long time," he further added.

As of now, it isn't necessary for banks to report such concern in their network to the Reserve Bank of India (RBI), but, Bhasin said it is responsibility of the banks to take initiative and publicly declare if their ATMs have been infected.

Until this move is taken, the customers will always be at risk, he said.

"Customers need not panic. They can either approach their branch, call up phone banking or use the internet for 're-carding'. They can also set their PINs from their homes using internet banking," said Bhasin for SBI customers.

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