Mumbai: 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.
"Our internal monitoring mechanism identified such a threat
recently and all steps have been undertaken to neutralize the
same," the bank said in a statement to Reuters.
The Economic Times newspaper, which first reported the
news, said the bank filed a preliminary report about the breach
to the regulator, Reserve Bank of India, and that it had hired
EY to carry out an investigation.
"As a responsible financial institution, we proactively
communicate potential threats to the regulator," the bank said
in the statement, adding that it had a large team of information
technology professionals who monitor its systems and mitigate
Separately, State Bank of India, the nation's top
lender by assets, said on Wednesday it had blocked cards of
certain customers, and was issuing them new cards, in
"precautionary" measures after being informed of potential risks
to those cards.
The issue was not specific to SBI, the bank said.
"Card network companies NPCI, MasterCard and Visa had
informed various banks in India about a potential risk to some
cards... owing to a data breach," said SBI, adding that its own
systems had not been compromised.
Cyber attacks on banks and financial services firms have
been on the rise worldwide.
In July, state-run Union Bank of India Ltd said
one of the bank's offshore accounts was breached in a cyber
attack, but the money trail was traced and the movement of funds
Some $81 million was stolen from the Bangladesh central bank
account with the New York Fed this year in one of the
biggest-ever cyber heists.
(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)