https://www.taxtmi.com/news?id=16744 A data compromise impacting debit card PINs led the Department of Financial Services to request details from banks and the Indian Banks Association about scope and mitigation steps. The breach, linked to malware in a payment services vendor, prompted banks and card networks to block, recall and replace affected cards, advise PIN changes, and impose transaction restrictions in some cases. The incident highlights the need for stronger controls over outsourcing, vendor security, and inter bank information sharing to contain payment system risks. en-us Fri, 21 Oct 2016 14:06:10 +0530 Fri, 21 Oct 2016 14:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16744 A data compromise impacting debit card PINs led the Department of Financial Services to request details from banks and the Indian Banks Association about scope and mitigation steps. The breach, linked to malware in a payment services vendor, prompted banks and card networks to block, recall and replace affected cards, advise PIN changes, and impose transaction restrictions in some cases. The incident highlights the need for stronger controls over outsourcing, vendor security, and inter bank information sharing to contain payment system risks. News - Fri, 21 Oct 2016 14:06:10 +0530 https://www.taxtmi.com/news?id=16744