Yes Bank reports unauthorised transactions worth ₹2.55 crore involving it’s Multi-Currency Prepaid Forex Card
The Hindu
YES BANK on Wednesday said fraudsters had conducted unauthorised transactions worth $0.28 million (₹2.55 crore) using its Multi-Currency Prepaid Forex Cards of 5,000 customers.
YES BANK on Wednesday said fraudsters had conducted unauthorised transactions worth $0.28 million (₹2.55 crore) using its Multi-Currency Prepaid Forex Cards of 5,000 customers.
These cards were issued in partnership with BookMyForex.com
The bank said it came to light after it’s fraud monitoring system declined an unusual increase in transactions conducted overnight at a Latin American country.
“These unauthorised transactions were attempted on specific BIN numbers only,” it said in a statement.
“These fraudulent transactions were carried out on 15 merchants that are based out of Latin American Country, in the early hours on February 24, 2026, between 3:30 AM and 8:30 AM (IST). The specific country does not mandate two factor authentication for e-commerce transactions,” Yes Bank said.
“As a security measure, the bank has subsequently restricted e-commerce transactions from the specific Latin American Country,” it added.
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