After scam, PNB hit by data breach

According to a media report, security experts suspect that the details of the customers were offered for sale through a website for at least three months.

Punjab National Bank is reported to have been hit by the data breach, with around 10,000 credit or debit card affected by it.
 
The unearthing of financial fraud worth Rs 11,400 crore at PNB by jewellery czar Nirav Modi and his relatives has already been making headlines for over one week and the recent episode is set to further dent the credibility of the state-owned bank.
 
According to a media report, security experts suspect that the details of the customers were offered for sale through a website for at least three months.
 
The Hong Kong-based English language news website, Asia News Times, reported that the bank "was not aware of the data breach until it was tipped off on Wednesday night by CloudSek Information Security, a company registered in Singapore but mainly operating in Bengaluru, India, that monitors data transactions".
 
"We have a crawler that is deployed in the dark/deep web. These are sites on the Internet which are not indexed by Google or other major search engines. They are used to buy and sell sensitive data illegally," chief technical officer Rahul Sasi was quoted as saying by the news site.
 
"Our crawler detects any such data and sends it to a Machine Learning software that we have created. If this detects anything that is suspicious, and of interest to our clients, we immediately take action."
 
This is the second case of data leak in the country.
 
In October 2016, there were reports of data breach of more than 3.2 million credit and debit cards issued by several banks.
 
Source: Media reports

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