450,000 Credit Card records compromised

Can someone please advise how does this happen. How do 4.5 lakh credit card records of Indians get compromised. Did the hack happen from an overseas server or an Indian server. Who is responsible and accountable. Government, Bank, Tech Provider. Shouldnt the bank be penalised and made to compensate every consumer whose info was compromised. more  

66ACCFD4-3238-478A-A78E-9F920FC98313___20200208052929___.jpeg
View all 16 comments Below 16 comments
I don't trust the veracity of the news item. I am using Citibank Credit card for last 28 years approximately and paying the monthly bill mostly punctually using internet banking at least for the last 10 years. The payment data in different formats will be certainly available without the name of payee (Payment is made to the card) with the payment interface and including name with the paying and receiving bank. Regrettably, in spite of repeated fear mongering, I am yet to come accross neither any bank complaining loss of such data nor the interface complaining. Unless the name, account number and the IFSC are simultaneously available, such data is of no use for any fraudulent mind/s and such an eventuality is highly unlikely. As some one else has commented, it is quite easy to find fault with our own resources but it should be kept in mind, that resources world wide are being created mostly by Indian software experts. more  
Other countries will treat people's personal details with security and take measures to punish the banks. In our country, Government is controlled by big corporates and It will take any actions against them. Every time , people is going to suffer. more  
Every time any such fraud takes place, the banks first go all out to blame the customer : it is your money and you find out where it has gone and then approach the bank. In our craze for going digital, people are forced to choose digital transactions without a secure system. Our banks have a reactive system instead of proactive. more  
There exists a company/institution in America which does a lot of research on similar matters and predicts dangers that might suffocate our lives and living.

It wasn't more than two/three months ago that this very company sent out a video with the prophesy that in the not too distant future the world was going to face the problem of computer hackings on a sparingly large scale. The news item posted by Ms Harsimran Kaur may be just the beginning of the impending landslide.

"How to protect oneself against this virus?", is a million dollar question. At least, I don't have any answer to that as yet. more  
I agree with Sarita Ravichandran. In our country, an irresponsible system is working and it will continue in future even with more force. In this field, we are helpless. more  
Post a Comment

Related Posts

    • Daikin AC service and parts cost exhorbidant

      I bought Daikin Inverter AC in 2017. Till last June it worked Fine. June 2019 it was not cooling enough. When complained Daikin service people serviced. It was OK for one week and again it was not ...

      By Veera Ragavan
      /
    • Covid 19 billing standard for treatment

      See attached covid 19 treatment bill of 9 lakhs plus for 12 days of hospitalisation in a private hospital in palghar Maharashtra. If the govt of india doesnt standardize rates for covid ...

      By Aditi Gupta
      /
    • Safety handling charges by e commerce companies

      E Commerce companies have started safety handling charges. This is essentially for using sanitizers,gloves and keeping ware houses clean. Ideally this is something that is expected. But in the name...

      By Rajay Kumar
      /
    • Disobeyance of justice of consumer Forum by Godrej

      I have raised a complaint against godrej appliances at District Consumer Forum ,Puri. I have won the case .But the Company has not yet provided the service, Compensession or litigation amount after...

      By SUNIL KUMAR SAHOO
      /
    • Misleading Advertisement by Unilever

      I request all of you to look at the attached picture and tell me how exactly can a sanitizer boost immunity. Thats the misleading claim by lifebuoy a brand of unilever If comp...

      By Seema Mehra
      /
    • SAmsung AC Service is not responding, and Samsung is not taking calls or helping

      Hi Friends, I am in very bad situation, I have brought Samsung AC on 16th May and they installed on 19th May 2020. The AC ran fine on 19th from 20th it is not working . When i raised a t...

      By Satya Chilukuri
      /
    • Warranty Extension due Covid 19

      I request the consumer affairs or home affairs department to pass an Order where all manufacturers are required to give two months extended grace warranty on all products and services where the per...

      By Sarita Ravichandran
      /
    • Regarding online service providers exa. Web based services.

      I am a regular subscriber of magicbricks, this company provides web based services in realty business last year i purchased their plan by paying around Rs 45000/- and my plan was supposed to end in...

      By Anonymous Circle member
      /
    • Cheating from Spice Jet

      Spice jet has cancelled my flight from Kolkata to Chennai , but did not refund my ticket amount. The credit shell balance is empty. I have tried to reach the customer service many times, but in v...

      By Anuvab Jana
      /
    • Flight Fares range and ceiling defined

      DGCA released new minimum and maximum fare structure for routes. For the next three months, No flight ticket in India will be less than Rs 2,000 and and can not be more than Rs 18,600. These figure...

      By Vinita Agrawal
      /
    • Refund rules for Air India cancelled flights

      Air India is not refunding the amounts paid for travel abroad in May but asking passengers to travel by 30th September 2020 or 31st March 2021 and pay the fare difference if any. Why sho...

      By Shantinath Jain
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)