What did Yes Bank detect regarding its forex cards?

Yes Bank detected unauthorized transactions in its multi-currency prepaid forex cards.

Which financial products are affected by the unauthorized transactions at Yes Bank?

The unauthorized transactions affect Yes Bank's multi-currency prepaid forex cards.

When did Yes Bank announce the detection of unauthorized transactions?

Yes Bank announced the detection of unauthorized transactions on Thursday.

Home / Business and Economy / Yes Bank Flags Unauthorized Forex Card Transactions

Yes Bank Flags Unauthorized Forex Card Transactions

26 Feb

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Summary

Yes Bank detected unauthorized transactions.
The issue affects multi-currency prepaid forex cards.
The lender disclosed the detection on Thursday.

Yes Bank Flags Unauthorized Forex Card Transactions

Yes Bank, an Indian financial institution, reported on Thursday the detection of unauthorized transactions. These illicit activities were identified within the bank's multi-currency prepaid forex card services. The revelation pertains to security vulnerabilities affecting customer accounts utilizing these specific financial products for international currency exchanges. The bank has acknowledged the issue, indicating ongoing scrutiny of its systems.

This incident highlights potential risks associated with digital financial services, particularly for prepaid cards used across different currencies. Customers utilizing Yes Bank's forex cards may face heightened awareness regarding their account activity following this announcement. The bank's disclosure on Thursday marks the official notification of this detected irregularity.

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