Business Other News 21 Oct 2016 Master card denies b ...

Master card denies breach in system

PTI
Published Oct 21, 2016, 7:24 am IST
Updated Oct 21, 2016, 7:45 am IST
Mastercard on Thursday said its own systems have not been breached.
Amid fears of security breach of as many as 32.5 lakh debit cards, Mastercard on Thursday said its own systems have not been breached.
 Amid fears of security breach of as many as 32.5 lakh debit cards, Mastercard on Thursday said its own systems have not been breached.

New Delhi: Amid fears of security breach of as many as 32.5 lakh debit cards, Mastercard on Thursday said its own systems have not been breached. “We are aware of the data compromise event. To be clear, Mastercard's own systems have not been breached,” a  spokesperson said.

Stating that safety and security of payments is a top priority for it, Mastercard said it is working on the investigations with the regulators, issuers, acquirers, global and local law enforcement agencies and third party payment networks to assess the current situation. “Mastercard is committed to implementing best practices and technologies to protect its customers financial institutions, consumers and merchants from fraud while ensuring their privacy is respected,” the statement said.

 

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