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{{Short description|Data breach of Indian banks}} | |||
'''2016 Indian Banks data breach''' was reported in October 2016. It was estimated 3.2 million debit cards were compromised. Major [[Banking in India|Indian banks]], among them [[State Bank of India|SBI]], [[HDFC Bank]], [[ICICI]], [[YES Bank]] and [[Axis Bank]], were among the worst hit.<ref name="et-20oct2016">{{cite web|url=http://economictimes.indiatimes.com/industry/banking/finance/banking/3-2-million-debit-cards-compromised-sbi-hdfc-bank-icici-yes-bank-and-axis-worst-hit/articleshow/54945561.cms|title=3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit|last1=Shukla|first1=Saloni|last2=Bhakta|first2=Pratik|date=20 October 2016|website=The Economic Times|access-date=2 April 2020}}</ref> The breach went undetected for months and was first detected after several banks reported fraudulent use of their customers’ cards in [[China]] and the [[United States]], while these customers were in [[India]].<ref>{{Cite web|url=https://www.livemint.com/Industry/jVF2Aw72w0DcBsUGseV0UP/Malware-caused-Indias-biggest-debit-card-fraud-Audit-repor.html|title=Malware caused India's biggest debit card data breach: Audit report|last=Gopakumar|first=Gopika|date=10 February 2017|website=Livemint|language=en|access-date=2 April 2020}}</ref><ref>{{Cite news|last=Christopher|first=Nilesh|url=https://economictimes.indiatimes.com/small-biz/security-tech/security/the-worst-cyber-attacks-of-2016/articleshow/56212448.cms|title=The worst cyber attacks of 2016|date=28 December 2016|work=The Economic Times|access-date=2 April 2020}}</ref> | '''2016 Indian Banks data breach''' was reported in October 2016. It was estimated 3.2 million debit cards were compromised. Major [[Banking in India|Indian banks]], among them [[State Bank of India|SBI]], [[HDFC Bank]], [[ICICI]], [[YES Bank]] and [[Axis Bank]], were among the worst hit.<ref name="et-20oct2016">{{cite web|url=http://economictimes.indiatimes.com/industry/banking/finance/banking/3-2-million-debit-cards-compromised-sbi-hdfc-bank-icici-yes-bank-and-axis-worst-hit/articleshow/54945561.cms|title=3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit|last1=Shukla|first1=Saloni|last2=Bhakta|first2=Pratik|date=20 October 2016|website=The Economic Times|access-date=2 April 2020}}</ref> The breach went undetected for months and was first detected after several banks reported fraudulent use of their customers’ cards in [[China]] and the [[United States]], while these customers were in [[India]].<ref>{{Cite web|url=https://www.livemint.com/Industry/jVF2Aw72w0DcBsUGseV0UP/Malware-caused-Indias-biggest-debit-card-fraud-Audit-repor.html|title=Malware caused India's biggest debit card data breach: Audit report|last=Gopakumar|first=Gopika|date=10 February 2017|website=Livemint|language=en|access-date=2 April 2020}}</ref><ref>{{Cite news|last=Christopher|first=Nilesh|url=https://economictimes.indiatimes.com/small-biz/security-tech/security/the-worst-cyber-attacks-of-2016/articleshow/56212448.cms|title=The worst cyber attacks of 2016|date=28 December 2016|work=The Economic Times|access-date=2 April 2020}}</ref> | ||
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==See also== | ==See also== | ||
*[[2016 Bangladesh Bank heist]] | *[[2016 Bangladesh Bank heist]] | ||
*[[List of cyber-attacks]] | *[[List of cyber-attacks]] | ||
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{{Hacking in the 2010s}} | {{Hacking in the 2010s}} | ||
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|keywords=Cyberattacks on banking industry, Banking in India, 2016 in Indian economy, Data breaches | |||
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[[Category:Cyberattacks on banking industry]] | [[Category:Cyberattacks on banking industry]] | ||
Latest revision as of 22:39, 13 August 2023
2016 Indian Banks data breach was reported in October 2016. It was estimated 3.2 million debit cards were compromised. Major Indian banks, among them SBI, HDFC Bank, ICICI, YES Bank and Axis Bank, were among the worst hit.[1] The breach went undetected for months and was first detected after several banks reported fraudulent use of their customers’ cards in China and the United States, while these customers were in India.[2][3]
This resulted in one of the India's biggest card replacement drive in banking history. The biggest Indian bank State Bank of India announced the blocking and replacement of almost 600,000 debit cards.[4]
An audit performed by SISA Information Security reports that the breach was due to malware injected into the payment gateway network of Hitachi Payment Systems.[5][6]
See also[edit | edit source]
References[edit | edit source]
- ↑ Shukla, Saloni; Bhakta, Pratik (20 October 2016). "3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit". The Economic Times. Retrieved 2 April 2020.
- ↑ Gopakumar, Gopika (10 February 2017). "Malware caused India's biggest debit card data breach: Audit report". Livemint. Retrieved 2 April 2020.
- ↑ Christopher, Nilesh (28 December 2016). "The worst cyber attacks of 2016". The Economic Times. Retrieved 2 April 2020.
- ↑ Iyer, Satyanarayan (20 October 2016). "Security breach: SBI blocks over 6 lakh debit cards". The Economic Times. Retrieved 2 April 2020.
- ↑ Mathew, Alex (9 February 2017). "Hitachi Owns Up To Mid-2016 Breach That Compromised 32 Lakh Debit Cards". Bloomberg Quint. Retrieved 2 April 2020.
- ↑ Ryder, Rodney D.; Madhavan, Ashwin (2019). Cyber Crisis Management: Overcoming the Challenges in Cyberspace. New Delhi: Bloomsbury Publishing. ISBN 978-93-89165-52-4.
{{#seo: |keywords=Cyberattacks on banking industry, Banking in India, 2016 in Indian economy, Data breaches |description= }}
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