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India's Biggest ATM Breach? 3.2 Million Debit Cards Across 19 Banks May Have Been Compromised (bloombergquint.com)
A total of 32 lakh (3.2 million) debit cards across 19 banks could have been compromised on account of a purported fraud, the National Payment Corporation of India said in a statement. BloombergQuint adds: "The genesis of the problem was receipt of complaints from few banks that their customer's cards were used fraudulently mainly in China and USA while customers were in India," the NPCI said. "The complaints of fraudulent withdrawal are limited to cards of 19 banks and 641 customers. The total amount involved is Rs 1.3 crore as reported by various affected banks to NPCI." SISA Security, a Bengaluru-based company is currently undertaking a forensic study to identify the extent of the problem and will submit a final report in November. Initial reports had suggested that ATMs operated by Hitachi Payment Services had been attacked by malware and were the source of the breach. However, the company has said in a statement that an interim report by the audit agency does not suggest any breach or compromise in its systems.
A crore is 0.01 arabs. Seriously.
Lakh = 10^5
Crore = 10^7
If I have to Google what a f**king "crore" is (at least a translation of the "lakh" value was given), then while I may indeed have learned something, the summary has patently failed in its core task, since it lacked essential information necessary for most of readers to actually comprehend it.
More people can speak English in India than any other nation on earth. Indian-English is going to start showing up in more and more places over time; especially as India's economy grows and a lot of people from India start getting online more. Articles from India show up on my newsfeed at a semi-regular rate now. Lakh it or not, you're going to have to learn what a crore is eventually anyway.
"That's the way to do it" - Punch