Tuesday, February 8, 2011

Risk of using credit cards

Risks of using credit cards

The next time you swipe your debit card at a petrol bunk, use a credit card to buy a movie ticket or pay a bill online, do it at your own risk.
A new survey of security in Indian banks has revealed that many of them do not follow even basic measures to ensure card security or protect your personal information. The survey finds that banks in India lag in security of cards transactions.
"Against the backdrop of well known global cases of card breaches, it is surprising to note that basic measures for ensuring card security have not been adopted by many of the banks," points out the survey done by the Data Security Council of India and KPMG, under the aegis of CERT-In (Computer Emergency Response Team), the cyber security wing of the ministry of information technology.

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