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Multiple users of a cobranded forex card issued by Yes Bank and BookMyForex have alleged unauthorised transactions on their multi-currency cards
Many of these transactions had originated from Brazil and were being attempted on cards that had been inactive for years, raising red flags
BookMyForex has denied any data breach on its end, claiming that customer funds are safe and affected cards were blocked by the bank
Update | February 25, 21:30 IST
YES Bank has claimed…
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![[Update] Data Breach On YES Bank-BookMyForex Cards Led To ₹7.63 Cr Loss](https://i2.wp.com/inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2019/09/BookMyForex-social-1.jpg?w=1920&resize=1920,0&ssl=1 "[Update] Data Breach On YES Bank-BookMyForex Cards Led To ₹7.63 Cr Loss")
Multiple users of a cobranded forex card issued by Yes Bank and BookMyForex have alleged unauthorised transactions on their multi-currency cards
Many of these transactions had originated from Brazil and were being attempted on cards that had been inactive for years, raising red flags
BookMyForex has denied any data breach on its end, claiming that customer funds are safe and affected cards were blocked by the bank
Update | February 25, 21:30 IST
YES Bank has claimed…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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