ICICI Bank Data Leak Exposes 17,000 Customers' Credit Card Data

ICICI Bank, one among India’s main personal banks, has confirmed the exposure of tender credit ranking card data belonging to hundreds of patrons.

The Mumbai-based monetary institution acknowledged that a technical glitch in its cellular banking utility, iMobile Pay, led to roughly 17,000 novel credit ranking playing cards being “erroneously mapped” to the unsuitable customers.

The pain used to be first dropped at gentle by customers who noticed routine credit ranking card small print true by strategy of the app.

These small print integrated the paunchy credit ranking card number, expiration date, and the card verification price (CVV), that are severe pieces of info for conducting monetary transactions.

The breach used to be severe ample to enable customers to salvage and doubtlessly regulate settings for these playing cards, such as enabling international transactions or altering spending limits.

The monetary institution’s spokesperson acknowledged, “The affected playing cards signify about 0.1% of ICICI Bank’s credit ranking card portfolio. Fixed with the incident, ICICI Bank has taken instantaneous motion by blocking the impacted credit ranking playing cards and has begun issuing novel ones to the affected customers”.

The ICICI Bank spokesperson expressed remorse for the pains and reiterated the institution’s dedication to increasing certain the protection and privacy of patrons’ monetary data.

The monetary institution has also assured that it is going to precisely compensate any customer who experiences monetary loss attributable to this breach.

Buyer complaints referring to the info exposure surfaced on social media platforms and monetary forums, with customers expressing concerns over the monetary institution’s security protocols.

The incident has raised questions referring to the tests and balances in region to provide protection to customer data and prevent such breaches.

“I in actual fact have procure entry to to any individual else’s Amazon Pay CC attributable to a security glitch on the iMobile app. Even though OTP restricts home transactions, however I’m able to execute global transactions the utilization of the small print from the iMobile app,” one among the customers wrote on the discussion board.