With the recent reports of data breaches from ATMs involving over 3.5 million debit cards in India and banks rushing to block as many number of cards, warning bells should ring aloud for those who frequently flash their plastic cards anywhere and anytime to shop, specially at unauthenticated or unsecured point of sale or payment terminals.
The incident also threw open a serious debate on how far our ATMs and Point of Sale payment structures are safe when malware experts adopt all new techniques to export vital credit/debit card details from POS terminals to their far exist servers.
Though it is still not clear that how much money was siphoned off from card holders’ account and how banks are going to compensate customers, it is however, clear that debit and credit card holders can’t sit back and relax now.
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