State Bank of India Data Breach

Bapun Raz

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The server, hosted in a regional Mumbai-based datacenter, stored two months of data from SBI Quick, a text message and call-based system used to request basic information about their bank accounts by customers of of the government-owned State Bank of India (SBI), the largest bank in the country and a highly ranked company in the Fortune 500.

But the bank had not protected the server with a password, allowing anyone who knew where to look to access the data on millions of customers’ information.
India’s largest bank SBI leaked account data on millions of customers
 

Sarkar

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Isn't it overstreched ? They are claiming to read Bal and transaction detailes from server but SMS is itself unencrypted so all data received through SMS can easiy be intercepted anyway
 
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