Bank of Baroda addresses cybersecurity incident; No material impact on operations
Bank of Baroda has reported a cybersecurity incident after receiving communication from an anonymous source alleging access to certain bank data. The financial institution immediately launched its cyber incident response and containment protocols in response to the alert.The bank engaged an independent, CERTIn empanelled cybersecurity agency to conduct a comprehensive assessment and thoroughly investigate the nature and extent of the alleged compromise.
Preliminary findings regarding the security event suggest it is potential business email compromise. Bank of Baroda confirmed that the incident is not expected to have any material impact on the institution's financial performance, business continuity, or general operations. The bank’s core business functions continued without disruption throughout the incident.
A detailed assessment remains ongoing, and appropriate remedial and preventive measures are currently being implemented by Bank of Baroda in response to the security breach.
BANKBARODA Stock Price Movement
On Monday, Bank of Baroda slipped by 0.91% after shedding ₹2.25 to close at ₹244.00. The stock recorded a trading volume of 14.71 million shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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