Why ICICI Bank has blocked thousands of credit cards

Why ICICI Bank has blocked thousands of credit cards

ICICI Bank has blocked credit cards of 17,000 new customers after their data was reportedly exposed and reached “wrong users”. The bank said that it is issuing new cards to the customers.An ICICI Bank spokesperson told news agency IANS about 17,000 credit cards that were issued in the past few days “were erroneously mapped in our digital channels to wrong users”.“As an immediate measure, we have blocked these cards and are issuing new ones to the customers. We regret the inconvenience caused,” said the ICICI Bank spokesperson.The bank also said that the number of impacted credit cards constituted “about 0.1% of the bank’s credit card portfolio”.“No instance of misuse of…
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Source: https://timesofindia.indiatimes.com/technology/tech-news/why-icici-bank-has-blocked-thousands-of-credit-cards/amp_articleshow/109599535.cms