Finance

ICICI Bank Clarifies Mapping Error of 17,000 Credit Cards; No Misuse Detected

Published April 26, 2024

ICICI Bank Limited, a leading private sector bank in India, disclosed on Thursday that approximately 17,000 recently issued credit cards were incorrectly mapped to the wrong customer profiles on digital platforms. The mistake, which could have potentially led to unauthorized access to card information, has been acknowledged by the bank. Yet, in a reassuring statement, ICICI Bank IBN confirmed that no misuse of the credit cards has been detected following the mapping error.

Immediate Response to the Mapping Mishap

Responding swiftly to the issue, ICICI Bank has reassured affected customers and stakeholders that the error has not resulted in any fraudulent activity. Despite the mishap, customer accounts remain secure, as the bank emphasizes that there has been no financial impact on users due to the erroneous mapping. The bank has not only rectified the mistake but also reinforced its commitment to maintaining stringent security measures to prevent such incidents from reoccurring.

ICICI Bank's Proactive Measures

In the wake of this incident, ICICI Bank, headquartered in Mumbai, India, and providing a vast array of banking products and financial services both domestically and globally, has promised to undertake rigorous reviews and implement enhancements to its systems. The commitment of IBN to customer security is evident in its prompt detection and resolution of the issue, highlighting its emphasis on robust cybersecurity practices and customer trust.

ICICI, CreditCards, Security