IN ElectraCard Services Dec 2012 Hacking (Q15308)
From Open Risk Manual
A data breach risk event
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | IN ElectraCard Services Dec 2012 Hacking |
A data breach risk event |
Statements
EC89A10B-40FD-4A80-9053-022174FCCB83
December 2012
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Pune-based ElectraCard Services (ECS) said on Sunday that a data breach in a series of ATM fraud attacks in December last year appears to have happened outside of its processing environment. Last week, US authorities had brought to light a $45-million global cyber heist involving ECS and another company, enStage Inc, which operates from Bangalore. The two firms had processed card payments for two West Asian banks that were hit in the theft, according to people familiar with the situation. The prosecutors did not name the two companies then but said one was based in India and the other in the US. According to a US official and a bank employee, ElectraCard Services processed prepaid travel cards for United Arab Emirates-based National Bank of Ras Al Khaimah (RAKBANK), which suffered a $5-mi (English)
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