In a recent development, ICICI Bank has taken action to block 17,000 credit cards following concerns over a data breach. The bank, one of India’s largest private sector lenders, has moved swiftly to address the issue and reassure affected customers.
The data breach, which occurred due to a technical glitch in the bank’s iMobile app, exposed the credit card information of over 17,000 users. The glitch resulted in new credit cards being incorrectly mapped to wrong users, potentially exposing sensitive information.
ICICI Bank has emphasized that there have been no instances of misuse reported so far. However, as a precautionary measure, the affected credit cards have been blocked to prevent any unauthorized transactions.
The bank has assured affected customers that they will be compensated for any inconvenience caused. Additionally, ICICI Bank is working to issue new credit cards to the impacted users to ensure the security of their financial information.
This incident underscores the importance of robust cybersecurity measures, especially in the banking sector where customer data must be protected at all costs. ICICI Bank’s prompt response to the breach reflects its commitment to maintaining customer trust and security.
Customers who suspect any unusual activity or have concerns about their credit card information are advised to contact ICICI Bank immediately. It’s crucial for all users to stay vigilant and take necessary precautions to safeguard their financial accounts against potential threats
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