Bank of Baroda initiates forensic investigation on data breach that leaked critical customer information
Bank of Baroda has launched a forensic investigation following a data breach that reportedly exposed one terabyte of customer information on the dark web. The bank stated that its core banking systems remain secure and the incident was limited to a compromised employee email account.
Why it matters
Large-scale data breaches in the financial sector pose significant risks to consumer privacy and highlight the ongoing challenges of cybersecurity in banking.
Public sector lender Bank of Baroda (BoB) has initiated a forensic investigation into breach of critical data that has reportedly leaked one TB (terrabyte) worth of data.
“A comprehensive forensic investigation has been initiated, and the bank is working closely with the relevant authorities in accordance with applicable regulatory requirements,” the bank said in its statement, a day after the data leak was informed by people through social media posts.
Going by the posts, the critical data of the banks was leaked into darkweb, a private internet network where users’ location information cannot be tracked and is not indexed in the World Wide Web.
“The bank has robust information security protocols in place. The incident involved compromise of an employee’s email account, resulting in unauthorised access to certain data. The matter was promptly identified, and immediate containment measures were implemented,” BoB said.
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