Here are some examples of cyber security incidents that have occurred in the banking sector in India in recent years:
Cosmos Bank cyber attack: In August 2018, hackers stole nearly $13.5 million from India's Cosmos Bank by exploiting the bank's ATM server vulnerabilities. The attackers used the stolen funds to withdraw cash from ATMs located in 28 countries.
State Bank of India data leak: In January 2021, a security researcher discovered a data leak in the State Bank of India's Yono app that exposed millions of customer records. The leak included personal information such as names, dates of birth, and mobile numbers.
Axis Bank data breach: In March 2019, Axis Bank confirmed that it had experienced a data breach that compromised the personal information of some of its customers. The bank did not disclose the number of affected customers, but it stated that it had taken steps to mitigate the impact of the breach.
Union Bank of India data leak: In July 2020, a cybersecurity researcher discovered a data leak in Union Bank of India's mobile banking app that exposed sensitive information such as account numbers, balances, and transaction histories. The bank quickly addressed the issue and urged customers to update their app.
Canara Bank data breach: In February 2021, Canara Bank confirmed that it had experienced a data breach that compromised the personal information of some of its customers. The breach occurred through a third-party supplier, and the bank immediately took steps to contain the impact and notify affected customers.
These are just a few examples of the cyber security incidents that have affected the banking sector in India. It's important to note that the frequency and severity of such incidents can vary widely and that many organizations may be targeted but not report the incident publicly.