data-breach
State Bank of India Suffers a Customer PII Data Leak
Critical
Summary
The leak is part of a larger trend in India, where a thriving underground market allows cybercriminals to use even small amounts of PII to impersonate the bank and commit fraud. SBI has stated that its core business functions continue to operate normally, but the incident highlights the risks associated with India’s highly connected identity system and the thriving market for stolen data.
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