Page 34 - Banking Finance December 2018

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SEC RIT

ntro tion he c sto er s persona and acco nt detai s are e tre e
i portant for oth an and its c sto ers. hose
echno o ica ad ance ent has ro ht an con eniences
infor ation needs to e ept confidentia fro others. t is
to the odern societ . n here an ti e or c t re
on et een the c sto er and a thori ed an staff to
is the paradi shift of attit de is the i est enefit for
no s ch infor ation. n ea a e of infor ation is ca ed
the indi id a and corporate or d. or at ho e is the
sec rit reach. his a ca se h e financia oss and
o tco e of s ch techno o ica ad ance ent in c er or d.
rep tation da a e to an and ch co atera i pair ent
e are a e to sett e e ectric and ater i s ins rance
to oth.
pre i etc sittin in ho e itho t attendin a on
e e. ransactin in an acco nt sittin at a re ote
Ba ro n
p ace is a atter of de i ht for the c sto er and e tre e
con enient for the an er. n cto er 2 the co ntr o e p the ne s of
tate Ban of ndia. he Ban oc ed a h de it cards after
his is the asis for a o e to cash ess c t re. B t the a reported a are re ated reach in a non B M
sec rit of e er thin is a threat for di ita transfor ation. net or . his as ndia s ar est financia data reach.
ear 2 a h de it cards across an s of the co ntr
ere co pro ised. s per the ationa a ents
orporation of ndia Ms ere i pacted and at
e h ar ahoo east c sto ers ost Rs . crore in fra d ent
C e M e F l transaction. Ban s ha e ad ised their c sto ers to chan e
M A F e CA
s and confine the se es to o n an Ms. Mean hi e
Ce e
a the c sto ers are orried a o t the sec rit of their
e
an acco nts and de it credit cards. t is orth notin that

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