New Delhi, Feb. 25 -- BookMyForex has denied allegations of a data breach, days after a report said that leaked information may have allowed for unauthorized US dollar and Brazilian real transactions on its multi-currency cards issued with Yes Bank.

"There has been no data breach involving BookMyForex systems or customer data. Yes Bank observed unusual volumes of false transaction attempts on Yes Bank-BookMyForex Multi-Currency Prepaid Forex Cards which resulted in a high number of declined transactions," a BookMyForex spokesperson told Mint.

When analyzed, these transactions were found to originate from a specific country and the bank has blocked transactions from that country, the spokesperson added. As a precautionary measure, cards ...