SBI confirms data breach affecting nearly 3,900 customers

State Bank of India, the nation's largest lender by assets, has confirmed it fell victim to a cyberattack that exposed customer data. The bank acknowledged that records belonging to roughly 3,897 customers were accessed by unauthorized parties and later surfaced on dark web forums.

The breach represents a significant security incident for SBI, which serves millions of retail and corporate customers across India. The exact nature of the compromised data and the timeline of the attack remain under investigation as the bank works to contain the fallout and assess the full scope of the incident.

SBI has initiated damage-control measures, including direct notification to affected customers about the potential compromise of their personal information. The bank is also coordinating with relevant cybersecurity authorities and law enforcement agencies to investigate the incident and prevent similar occurrences.

The incident underscores growing cybersecurity challenges facing India's financial sector. Banking institutions have increasingly become targets for sophisticated cyber criminals seeking to exploit vulnerabilities and gain access to sensitive customer data for fraudulent purposes or resale on illicit marketplaces.