State Bank of India confirms data breach affecting nearly 3,900 customers

State Bank of India (SBI) has acknowledged a data security incident affecting approximately 3,900 customer records, marking the latest in a series of cybersecurity challenges facing major financial institutions across South Asia. The bank confirmed that exposed information included customer names, residential addresses, and loan account details. The incident highlights ongoing vulnerabilities in digital banking infrastructure as lenders grapple with increasingly sophisticated cyber threats. SBI, which serves over 500 million customers globally, has not disclosed the precise timeline of the breach or the methods employed by attackers. The bank stated it has initiated an investigation and is implementing enhanced security measures to prevent similar incidents. Customers affected by the breach have been advised to monitor their accounts for suspicious activity and contact the bank's customer service for further assistance. The disclosure comes amid heightened regulatory scrutiny of cybersecurity practices among Indian financial institutions, with the Reserve Bank of India having previously urged banks to strengthen their digital defences and incident response protocols.