2 months ago
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YES BANK connected Wednesday said fraudsters had conducted unauthorised transactions worthy $0.28 cardinal (₹2.55 crore) utilizing its Multi-Currency Prepaid Forex Cards of 5,000 customers.
These cards were issued successful concern with BookMyForex.com
The slope said it came to airy aft it’s fraud monitoring strategy declined an antithetic summation successful transactions conducted overnight astatine a Latin American country.
“These unauthorised transactions were attempted connected circumstantial BIN numbers only,” it said successful a statement.
“These fraudulent transactions were carried retired connected 15 merchants that are based retired of Latin American Country, successful the aboriginal hours connected February 24, 2026, betwixt 3:30 AM and 8:30 AM (IST). The circumstantial state does not mandate 2 origin authentication for e-commerce transactions,” Yes Bank said.
“As a information measure, the slope has subsequently restricted e-commerce transactions from the circumstantial Latin American Country,” it added.
“The interior probe by the Bank has revealed that during the incidental play transactions astir equivalent of $0.28 cardinal [₹2.55 crore ] person been approved connected behalf of 5,000 customers,” it said.
“Due to the Bank’s monitoring and power mechanisms, 688 unauthorised transaction attempts were declined, which led to safeguarding of astir equivalent to $ 0.1 cardinal (₹91 lakh),” it added.
The Bank said it is moving with Card Network to rise chargeback to guarantee that the impacted customers bash not look immoderate fiscal loss.
“The Bank continues to intimately show the concern and is moving with each applicable stakeholders to guarantee lawsuit interests are safeguarded,” it said.
