Study the following information carefully to answer the given question.

The data breach at 19 Indian banks has resulted in over 32 lakh debit cards being blocked or recalled. Although the number of complaints received so far is 641 and the amount fraudulently withdrawn is Rs. 1.3 crore, these figures are small compared to the potential scale of the data theft. It is concerning that it took nearly six months for the authorities to officially acknowledge the breach and begin remedial actions. A private bank is suspected to be the entry point for the criminals, who reportedly used malware at ATMs operated by a third-party payment services vendor. The National Payments Corporation of India is coordinating the investigation, and a forensic audit is expected to provide preliminary findings soon.

Which of the following actions should the investigating officials take?

(I) Recover the money fraudulently stolen by the criminals.

(II) Advise people not to use e-commerce sites for online purchases.

(III) Punish the responsible Indian banking official involved in leaking bank account information.

Select the correct option:

Question

Study the following information carefully to answer the given question.

The data breach at 19 Indian banks has resulted in over 32 lakh debit cards being blocked or recalled. Although the number of complaints received so far is 641 and the amount fraudulently withdrawn is Rs. 1.3 crore, these figures are small compared to the potential scale of the data theft. It is concerning that it took nearly six months for the authorities to officially acknowledge the breach and begin remedial actions. A private bank is suspected to be the entry point for the criminals, who reportedly used malware at ATMs operated by a third-party payment services vendor. The National Payments Corporation of India is coordinating the investigation, and a forensic audit is expected to provide preliminary findings soon.

Which of the following actions should the investigating officials take?

(I) Recover the money fraudulently stolen by the criminals.

(II) Advise people not to use e-commerce sites for online purchases.

(III) Punish the responsible Indian banking official involved in leaking bank account information.

Select the correct option:

Accepted Answer

**Solution:**

1. The primary responsibility of investigating officials is to recover the money that has been fraudulently withdrawn, as stated in statement (I). This is a direct and necessary action to mitigate the financial loss.

2. Statement (II) suggests advising people not to use e-commerce sites for online purchases. However, the breach is related to debit card data theft via ATMs, not e-commerce platforms. Hence, this advice is not relevant or necessary.

3. Statement (III) involves punishing any Indian banking official responsible for leaking sensitive information. While accountability is important, the question of punishment such as hanging is extreme and not a standard legal procedure. However, holding responsible officials accountable through proper legal channels is appropriate.

4. Among the given options, only statement (I) is unquestionably correct and practical. Statement (III) is partially valid but the extreme punishment mentioned is not appropriate.

**Answer:** (a) Only I

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