YES BANK takes stringent measures to safeguard impacted MultiCurrency Prepaid Forex Card

YES BANK's Multi-Currency Prepaid Forex Card, which were issued in partnership with BookMyForex observed an unusual increase in transaction decline by the bank's fraud monitoring system. These unauthorised transactions were attempted on specific BIN numbers only.

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. As a security measure, the bank has subsequently restricted e-commerce transactions from the specific Latin American Country.

The internal investigation by the Bank has revealed that during the incident period transactions approximately equivalent of USD 0.28 MN have been approved on behalf of 5000 customers. Due to the Bank's monitoring and control mechanisms, 688 unauthorised transaction attempts were declined, which led to safeguarding of approximately equivalent to USD 0.1 MN. The Bank is working with Card Network to raise chargeback to ensure that the impacted customers do not face any financial loss.

YES BANK remains committed to the highest standards of data security and customer protection. The Bank continues to closely monitor the situation and is working with all relevant stakeholders to ensure customer interests are safeguarded.

Shares of Yes Bank Limited was last trading in BSE at Rs. 20.74 as compared to the previous close of Rs. 20.82. The total number of shares traded during the day was 5493666 in over 29003 trades.

The stock hit an intraday high of Rs. 20.94 and intraday low of 20.56. The net turnover during the day was Rs. 113923425.00.

Source : Equity Bulls

Keywords

YesBank INE528G01035 MultiCurrency PrepaidForexCard