India’s largest bank SBI data breach. How safe is your bank account information stored with the State Bank of India, the country’s largest bank? India’s largest bank has unsecured server that allowed to attackers to access bank information such as bank balance and recent transactions.
The server location hosted in a Mumbai regional. The Datacenter stored two months of data from SBI Quick, a text message and call-based system used to request basic information about their bank accounts by customers of the government-owned State Bank of India (SBI), the largest bank in the country and a highly ranked company in the Fortune 500. The server has not protected with password.
SBI claims more than 500 million customers across the globe with 740 million accounts. Security researcher Karan Saini said that knowing a phone number “could be used to aid social engineering attacks — which is one of the most common attack vectors in the country with regard to financial fraud,”