RTI Desk - RTI-001

Posted in rtireply; tagged with CosmosHack, DebitCardHack, RegulatoryPenalty

RTI 001 - CosmosHack and card network penalties

Field Value
RTI ID RBIND/R/2018/54595
Date of Filing 14/09/2018
PIO Reserve Bank of India
Subject Card Hack & Penalties
Query 1. Whether RBI / ReBIT has ordered investigation over hack at Cosmos Bank, Pune. If so, please provide details.

2. Has RBI imposed any sanction / fine against card network operators (VISA, Mastercard, NPCI - RuPay) post large scale card hack incidents. If so, please provide details.
Response 1. A scrutiny has been conducted by Reserve Bank of India - RBI / ReBIT. Regarding the details - the requested information is confidential in nature, dissemination of which shall be detrimental to security, strategic and economic interests of the State. Hence an exemption is sought under section 8 (1)(a) of the Right to Information Act, 2005.

2. RBI has not imposed any sanction / fine against the card network operators in this regard.
Date of Response 12/10/2018
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Notes #CosmosHack, #DebitCardHack, #RegulatoryPenalty