YES Bank blocks forex cards after cyber attack

Cyber theft and digital crimes are rising sharply in today’s digital age. Scammers are not leaving even large banks. After many such incidentsYES Bank has informed that it had detected an unusual surge in forex transaction declines flagged by its fraud monitoring system, indicating potentially suspicious activity.

YES Bank’s Multi-Currency Prepaid Forex Card, which was issued in partnership with BookMyForex, observed an unusual increase in transaction decline by the bank’s fraud monitoring system, the bank said in a filing to BSE and NSE.