2016 Indian Banks data breach

The 2016 Indian banks data breach refers to a significant cybersecurity incident that compromised the sensitive financial information of millions of customers across various Indian banks. Detected in May 2016, the breach involved unauthorized access to bank databases, leading to the exposure of user details, including account numbers, names, and transaction histories. Investigations indicated that the breach was facilitated by sophisticated hacking techniques, likely linked to an organized cybercrime syndicate. The incident raised concerns over the cybersecurity protocols employed by Indian financial institutions and prompted regulatory bodies, including the Reserve Bank of India, to reinforce data protection measures and enhance vigilance against cyber threats.