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2016 Indian bank data breach
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Data breach of Indian banks
The 2016 Indian bank data breach was reported in October 2016. It was estimated that 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.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 3.2 million debit cards compromised; SBI, HDFC Bank, ICICI, YES Bank and Axis worst hit Shukla Saloni Bhakta Pratik 20 October 2016 The Economic Times 2 April 2020 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.https://www.livemint.com/Industry/jVF2Aw72w0DcBsUGseV0UP/Malware-caused-Indias-biggest-debit-card-fraud-Audit-repor.html Malware caused India's biggest debit card data breach: Audit report Gopakumar Gopika 10 February 2017 Livemint en 2 April 2020Christopher Nilesh https://economictimes.indiatimes.com/small-biz/security-tech/security/the-worst-cyber-attacks-of-2016/articleshow/56212448.cms The worst cyber attacks of 2016 28 December 2016 The Economic Times 2 April 2020
This resulted in one of the India's biggest card replacement drives in banking history. State Bank of India, announced the blocking and replacement of almost 600,000 debit cards.http://economictimes.indiatimes.com/industry/banking/finance/banking/security-breach-sbi-blocks-over-6-lakh-debit-cards/articleshow/54933861.cms Security breach: SBI blocks over 6 lakh debit cards Iyer Satyanarayan 20 October 2016 The Economic Times 2 April 2020
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.Mathew Alex https://www.bloombergquint.com/business/2017/02/09/hitachi-owns-up-to-breach-that-compromised-32-lakh-debit-cards Hitachi Owns Up To Mid-2016 Breach That Compromised 32 Lakh Debit Cards 9 February 2017 Bloomberg Quint 2 April 2020 enRyder Rodney D. https://books.google.com/books?id=hS-4DwAAQBAJ&q=2016+Indian+Banks+data+breach&pg=PT102 Cyber Crisis Management: Overcoming the Challenges in Cyberspace Madhavan Ashwin Bloomsbury Publishing 2019 978-93-89165-52-4 New Delhi en
See also
Banks
2016 Bangladesh Bank heist
List of cyber-attacks
Data breaches in India
References
Category:Cyberattacks on banking industry
Category:Banking in India
Category:2016 in Indian economy
Category:2016 data breaches
Category:Cybercrime in India