Debit Cards Hacking
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Large public and private sector banks including State Bank of India (SBI), HDFC Bank, Yes Bank, ICICI Bank and Axis Bank have been hit with a major security breach involving their debit cards. Data of more than 3 million debit cards, used to withdraw money from ATMs and make cashless payments, is believed to be stolen by organized hackers. However, experts caution that other banks might have been targeted, but are unaware of the developing situation.