ATM compromise: Yes Bank says vendors need to do more

In wake of a system-wide security scare triggered by a malware attack on systems of its vendor Hitachi Payment Systems, Yes Bank sought to distanceitself from the breach and stressed on need to police service providers in a better way. "There needs to be a lot more vigilance where there are outsourcing partners to make sure they don't endanger the delivery and system risk, and there's a fair amount of policing as far as outsourcing risks are concerned," its managing director and chief executive Rana Kapoor told reporters here. According ...

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