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India's HDB Financial Services flags third-party data breach

India's HDB Financial Services flags third-party data breach

Service provider processes customer data for lender.

By Staff Writer on Mar 8, 2023 11:48AM

HDB Financial Services, the non-bank lending unit of India's top private lender HDFC Bank, has disclosed a data breach at one of its service providers which processes customer information.

"We have taken immediate steps to secure the service provider's system to prevent any further unauthorised access," HDB said in an emailed statement.

The company did not immediately respond to a Reuters request for comment on the nature of the data breach and how many customers were affected.

HDB is working with a regulator and an office of the government to investigate the incident, it said.

HDFC Bank said it was not affected by the incident.

"We wish to state that there is no data leak at HDFC Bank and our systems have not been breached or accessed in any unauthorised manner," the bank said in an emailed statement.

"We remain confident of our systems."

Details of the breach were first reported by online media platform Yourstory. 

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