Employee email compromise led to unauthorised data release, core banking systems secure, says Bank of Baroda
Bank of Baroda has issued its first official statement after a hacker claimed to have leaked around 1TB of data allegedly linked to the bank
Bank of Baroda has issued its first official statement after a hacker claimed to have leaked around 1TB of data allegedly linked to the bank, including customer records and internal documents. According to the bank, the incident was limited to the compromise of an employee's email account, while its core banking systems remained secure. In a statement released on Monday, the bank revealed that the compromised email account resulted in unauthorised access to certain data. However, it added that the incident was identified promptly and immediate containment measures were put in place.
Read Full Story "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. The Bank's core banking systems were not accessed and continue to remain secure," the bank said in the statement. The bank said it has also initiated a comprehensive forensic investigation to examine the incident and is working closely with the relevant authorities in accordance with applicable regulatory requirements. "The Bank has initiated a comprehensive forensic investigation to thoroughly examine the matter and is working closely with the relevant authorities in accordance with applicable regulatory requirements,” the statement added.
The statement comes hours after a hacker claimed to have leaked around 1TB of data allegedly linked to Bank of Baroda. According to the claims, the leaked files include customer records, banking information, internal documents, audit reports and compliance records. The bank has not confirmed those claims or disclosed whether any customer data was compromised. How did it happen? With its latest statement, Bank of Baroda has clarified that the incident stemmed from the compromise of an employee's email account rather than its core banking infrastructure.
However, the bank has not revealed how the email account was compromised or what specific data was accessed. The bank said a comprehensive forensic investigation is underway, with further details expected once the probe is complete. This is a developing story. It will be updated. Ends
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