SBI Share Price: Shares of State Bank of India (SBI), the country’s largest bank, are expected to remain in focus on October 21 following claims of an alleged data breach involving information linked to around 3.75 lakh customers.
According to a report by The Economic Times, a cybersecurity-focused X account, CyberPulse56, claimed that an anonymous hacker group named “Siriusim” is allegedly offering a database purportedly containing confidential customer information.
SBI Data Breach: What are the claims?
According to The Economic Times, CyberPulse56 reported that the threat actor, identified as “Siriusim”, allegedly claims to possess data related to over 375,000 accounts, along with 2,722 PDF documents.
The allegedly exposed information is said to include customer personal details, loan application records, account-opening forms, addresses, supporting documents and other application-related data.
CyberPulse56 noted that the hackers described the incident as the first disclosure of the dataset. However, the account emphasised that the authenticity, source and extent of the alleged data breach have not been independently verified.
SBI Data Leak: What could be the risks?
According to the report, if the claims prove to be genuine, the allegedly exposed information could potentially be misused for identity theft, financial fraud, targeted phishing campaigns and fraudulent loan applications.
The claims come amid growing concerns over cybersecurity risks facing banks and financial institutions in India.
SBI Share Price: Stock in focus on October 21
Following the reported claims, SBI shares are expected to remain in focus on October 21, making the stock one to watch in the upcoming trading session.
The bank has a market capitalisation of Rs 8,98,799.76 crores. In the previous trading session, SBI shares settled 1.2 per cent, or Rs 11.1, higher at Rs 973.70.
SBI Stock Performance
State Bank of India shares have delivered positive returns over the longer term, despite recent weakness.
The stock has gained 1.75 per cent over the past week. However, it has declined 2.26 per cent over the past month and is down 1.12 per cent on a year-to-date (YTD) basis.
Over the one-year period, SBI shares have advanced 7.29 per cent. The stock has risen 72.92 per cent over three years and 94.78 per cent over the past five years.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)