YES Bank denies ₹32 crore cyber fraud report, cites no govt accounts
In short
YES Bank has denied a report about a ₹32 crore cyber fraud. The clarification came after The Banker published a story on November 13 about an alleged $3.4 million cyber loss at the bank.
The bank said no government accounts were affected. That is important because it addresses concerns raised by the report.
What the reporting says
YES Bank denied a report about a ₹32 crore cyber fraud after The Banker published a story on November 13 titled 'India on high alert after alleged $3.4mn cyber loss at Yes Bank'. The bank said no government accounts were affected. The clarification came in response to the report and seeks to contain concern around the alleged cyber loss.
Why it matters
YES Bank denied a report of a ₹32 crore cyber fraud after The Banker, a Financial Times Group publication, ran a November 13 story on an alleged $3.4 million cyber loss. The bank said no government accounts were affected.