Axis Bank Ltd, India’s third-biggest private sector lender by assets, said on Wednesday there was no loss to its customers from a recent cyber attack.
Axis Bank Ltd, India’s third-biggest private sector lender by assets, said on Wednesday there was no loss to its customers from a recent cyber attack.
The malware attack was detected in time and was duly informed to the regulator RBI, Axis Bank said in a statement.
The bank’s internal monitoring mechanism identified such a threat recently and all steps have been undertaken to neutralise the same, it said.
“We stay committed to our customers and it is always been our endeavour to ensure that our customers' interests are always protected. There has been no loss to our customers,” it added.
As a responsible financial institution, it said, the bank proactively communicate potential threats to the regulator to maintain broader systemic integrity.
Meanwhile, SBI and its subsidiary banks blocked about 6 lakh debit cards due to a malware-related security breach as part of precautionary measures after being informed of potential risks to those cards.
In July, state-owned Union Bank of India was also hit by cyber attack but successfully averted the theft from USD Nostro account.
Union Bank went for a cyber security forensic audit to identify and plug gaps, if any.
