📷 Image Credits: CNBCTV18
In a recent incident that has raised concerns about cybersecurity in India, Canara Bank’s official social media handle on platform X was compromised on June 22. The hacker behind the breach changed the handle’s username to ‘ethèr.fi’, causing alarm among users and banking authorities. The bank has since launched an investigation into the matter to determine the extent of the breach and take necessary actions to secure its account.
Canara Bank issued a statement acknowledging the breach, stating, “All concerned teams are currently investigating the matter and working closely with the platform X to regain access to Canara Bank X handle as soon as possible.” Additionally, the bank advised users not to engage with the compromised handle and refrain from posting anything on the affected page until the issue is resolved and under Canara Bank’s control.
This incident comes in the wake of a similar cyber attack on Axis Bank, where the support handle on platform X was also hacked, leading to unauthorized posts related to cryptocurrency. Axis Bank has initiated its own investigation to assess the impact of the breach and minimize risks to its customers and operations. The back-to-back breaches highlight the vulnerabilities faced by financial institutions in the digital age and underscore the pressing need for robust cybersecurity measures.
As cybersecurity threats continue to evolve and grow more sophisticated, financial institutions, including banks, must remain vigilant and proactive in safeguarding their digital assets and customer data. The Canara Bank breach serves as a stark reminder of the ever-present risks in the online realm and the importance of prioritizing cybersecurity to protect against unauthorized access and data breaches.
