The State Bank of India has launched an investigation after a suspected cyber attack caused a large number of customer records containing personal information to flow onto the dark web. The bank with the largest assets in India issued an announcement on the exchange on Wednesday saying that after initial analysis identified nearly 4,000 records containing customer personal information, the bank is investigating the incident. The bank also said it analyzed around 375,000 records on the dark web in its preliminary assessment. This incident highlights the cybersecurity risks facing the Indian banking industry as banks expand digital services to handle more and more sensitive customer information. In July of this year, the state-owned bank Bank of Baroda reported a similar data breach.

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