MUMBAI, Oct. 21 -- The State Bank of India (SBI) has initiated a cybersecurity assessment after a preliminary analysis reportedly identified 3.75 lakh records on the dark web, including 3,897 customer records containing personally identifiable information (PII).

The bank has activated its cyber incident response protocols and engaged a cybersecurity agency empanelled with the Indian Computer Emergency Response Team (CERT-In) to conduct a comprehensive assessment of the alleged data leak.

SBI stated that the incident had no material impact on its core business operations.

The assessment is expected to help establish the nature and extent of the alleged data exposure, including the details of the affected records. Further findings from t...