With the growing penetration of banking facilities through online mode such as internet/online banking, mobile banking, phone banking, the possibilities of double-dealing and cheating have also escalated. All the scheduled commercial banks, financial services companies, float periodic guidelines and advisories to safeguard customers’ interest and to aware them with the latest trickery approaches used by the fraudsters.
State Bank of India (SBI), the country’s biggest lender, said that the data of its customers are safe and that it is continuing to probe the systems for a potential breach of security after a Techcrunch report on data compromise at the bank.
“Basis our initial probe, we hereby confirm that SBI’s data continue to remain secure and all profiles and financial records of our customers are safe,” a bank spokesperson said in a note. “The bank is continuing its investigation into all the components of the ecosystem to ascertain that there is no other impact.”
Earlier, the foreign Web site claimed that the SBI server was located in a Mumbai data centre and was not protected by a password for an unknown period. This allowed anyone access to financial information, such as bank balances and recent transactions, on millions of SBI customers.
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