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 be...

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 Although the number of complaints received so far is 641 and the amount fraudulently withdrawn is Rs. 1.3 crore, these figures are small compared to the potential scale of the data theft.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:

Options

A.

(a) Only I

B.

(b) Only I and III

C.

(c) Only II

D.

(d) Only I and II

data breachbanking securitycybercrimebanking awareness

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