Bank of Maldives (BML) have come forward to clear out the confusion related to the breach of card details at the bank.
According to the bank’s statement on Sunday, 14 June, BML had not registered any breaches on card details.
However, it went on to add that merchants and e-commerce merchants around the world are often subject to compromise and as such, card details can appear on the ‘dark web.’
BML further commented “together with our card associations, we continue to be vigilant and always investigate concerns of any data compromise.”
As per the bank, it was notified of a potential data breach on Thursday, 11 June, from a large merchant by one of the bank’s card partners.
Furthermore, BML in their statement claimed the said breach was reported to have affected 350 bank issued cards.
“We have deactivated these cards and are in the process of issuing replacements for customers,” BML said, adding “we can confirm that in cases where a merchant is compromised, our customers are fully protected and will not face any financial loss.”