RBI Asks Indian Banks to Probe Alleged Data Leak of 1.3 Million Cards

Banks should secure the customers' data by performing a preliminary analysis of the leaked card information online, the RBI notice said.

Advertisement
By Reuters | Updated: 31 October 2019 18:30 IST
Highlights
  • RBI has sent out a notice to Indian Banks regarding the data leak
  • It asks banks to re-issue cards if details leaked online are correct
  • Card details are being sold at $100 per card

Debit and credit card details of Indian users can be purchased for as low as $100 per card

The Reserve Bank of India (RBI) has asked banks to ensure customers' debit and credit card data is secure and investigate reports that say data of 1.3 million accounts was available online, a notice seen by Reuters showed. Three industry sources confirmed to Reuters the notice had been sent to Indian banks.

Banks should secure the customers' data by performing a preliminary analysis of the leaked card information online, the RBI notice said, and cited an article by tech news site ZDNet on Tuesday.

Advertisement

The RBI did not immediately respond to a request for comment.

"On finding leaked data to be correct and genuine, disable and re-issue the credit and debit cards as per the bank's policy," said the notice dated Oct. 29.

Advertisement

Credit, debit card data leak

Security researchers at Singapore-based Group-IB had found that card details were being sold at a price of $100 per card, ZDNet had reported. The value of the leaked database has been estimated by the group at $130 million (£100 million).

"We do not disclose the names of banks, but can tell that the database held the credit and debit card dumps related to the largest Indian banks," Group-IB said in a statement on Thursday, adding that it had informed authorities about the breach.

Advertisement

There were about 51.7 million credit cards and 851.5 million debit cards in circulation as of August, RBI data shows.

"The (RBI's) Department of Banking Supervision has sent out this letter as whenever there are some incidents the RBI alerts the banks and sends them a cautionary note which is sent to all the scheduled commercial banks," said an industry official, requesting anonymity.

Advertisement

Banks have also been asked to inform the government's CERT-In department, which is responsible for emergency response, regarding the steps taken by them.

Regulators have often issued advisories to prevent data breaches which are frequent in India, a country of 1.3 billion people where the use of payment cards and digital wallets is rising rapidly.

© Thomson Reuters 2019

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: RBI, Indian Banks
Advertisement

Related Stories

Popular Mobile Brands
  1. James Webb Space Telescope Detects Most Distant Dormant Black Hole Ever Found
  1. James Webb Space Telescope Detects Most Distant Dormant Black Hole Ever Found
  2. Sahara Meteorite May Be Fragment of a Lost Moon-Sized World, Study Suggests
  3. OpenAI Introduces Smarter ChatGPT Memory, Adds Dreaming Architecture
  4. Tecno Pova 8 India Launch Date Announced; Battery Size, Design, Colour Options Teased
  5. Samsung Reportedly Starts Internal Testing of Android 17-Based One UI 9 for Galaxy S25 Series
  6. Bybit Lists Western Union’s USDPT Stablecoin for Trading and Transfers
  7. Xiaomi Pad 8 Price Hiked in India: Here’s How Much It Costs Now
  8. Instagram Reels Influencing Nearly Half of Purchase Decisions in India, Meta Study Claims
  9. OnePlus Turbo 6X, OnePlus Turbo 6X Pro Colour Options, Price Range, Key Specifications Teased
  10. Sattendru Maarudhu Vaanilai Now Streaming Online: Where to Watch Jai’s Romantic Thriller Movie
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.