As India’s biggest cyber security breach unravels, with as many as 32 lakh debit cards issued by 19 banks reportedly compromised, the RBI has instructed lenders to upgrade the role of the CISO (chief information security officer) within each institution from an “operational level” to a “strategic level”. It was reportedly discovered in 2015 by the Russian/UK cyber security company Kaspersky Lab. On the latest cyber security breach, a banker involved in the investigations said that the RBI has made its position clear that the bank boards and top management should “develop early sensitivity to the task of cyber hygiene”. Bank of Baroda, IDBI Bank, Central Bank and Andhra Bank have already replaced their debit cards. ICICI Bank, HDFC Bank and Yes Bank have asked customers to change their ATM pin numbers.

Source: Indian Express October 22, 2016 23:03 UTC