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Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 5000 domestic branches (including extension counters) with 15,751 ATMs & cash recyclers spread across the country. The Bank has 6 Axis Virtual Centres with over 1,500 Virtual Relationship Managers as on 31st March 2023. The Overseas operations of the Bank are spread over eight international offices with branches in Singapore, Dubai (at DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK. The international offices focus on Corporate Lending, Coverage Business, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd. (NIC), The New India Assurance Company Ltd. (NIA), The Oriental Insurance Company Ltd. (OIC), and United India Insurance Company Ltd. (UIIC). The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. GIC, NIC, NIA, OIC, UIIC have been reclassified from promoter category to public category. As on March 31, 2023, SUUTI and LIC are the promoters of the Bank. With a balance sheet size of Rs. 13,17,326 crores as on 31st March 2023, Axis Bank has achieved consistent growth and with a 5-year CAGR (2017-18 to 2022-23) of 14% each in Total Assets & Advances and 16% in Deposits.

Axis Bank A.I CyberSecurity Scoring

Axis Bank

Company Details

Linkedin ID:

axis-bank

Employees number:

91,929

Number of followers:

2,742,737

NAICS:

52211

Industry Type:

Banking

Homepage:

axisbank.com

IP Addresses:

0

Company ID:

AXI_7082009

Scan Status:

In-progress

AI scoreAxis Bank Risk Score (AI oriented)

Between 800 and 849

https://images.rankiteo.com/companyimages/axis-bank.jpeg
Axis Bank Banking
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globalscoreAxis Bank Global Score (TPRM)

XXXX

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Axis Bank Banking
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  • Benchmark vs. industry & size peers
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  • Findings

Axis Bank Company CyberSecurity News & History

Past Incidents
1
Attack Types
1
EntityTypeSeverityImpactSeenBlog DetailsIncident DetailsView
Axis BankBreach100510/2016
Rankiteo Explanation :
Attack threatening the organization’s existence

Description: Several Indian banks have taken drastic steps in response to a security breach that may have compromised up to 3.25 million debit cards—or 0.5% of the approximately 700 million debit cards that Indian banks have issued. The financial institution is Hitachi Payment Services, a subsidiary of Hitachi Ltd. that oversees ATM network processing for Yes Bank Ltd., according to banking industry insiders. After that, the State Bank of India quickly disabled a few clients' debit cards, and it was currently replacing those cards to stop fraud. The top three private sector lenders, ICICI Bank, HDFC Bank, and Axis Bank, each stated in separate announcements that there may have been card account breaches following usage at non-bank ATMs. Additionally, certain consumers' debit cards are being reissued by Standard Chartered's Indian division.

Axis Bank
Breach
Severity: 100
Impact: 5
Seen: 10/2016
Blog:
Rankiteo Explanation
Attack threatening the organization’s existence

Description: Several Indian banks have taken drastic steps in response to a security breach that may have compromised up to 3.25 million debit cards—or 0.5% of the approximately 700 million debit cards that Indian banks have issued. The financial institution is Hitachi Payment Services, a subsidiary of Hitachi Ltd. that oversees ATM network processing for Yes Bank Ltd., according to banking industry insiders. After that, the State Bank of India quickly disabled a few clients' debit cards, and it was currently replacing those cards to stop fraud. The top three private sector lenders, ICICI Bank, HDFC Bank, and Axis Bank, each stated in separate announcements that there may have been card account breaches following usage at non-bank ATMs. Additionally, certain consumers' debit cards are being reissued by Standard Chartered's Indian division.

Ailogo

Axis Bank Company Scoring based on AI Models

Cyber Incidents Likelihood 3 - 6 - 9 months

🔒
Incident Predictions locked
Access Monitoring Plan

A.I Risk Score Likelihood 3 - 6 - 9 months

🔒
A.I. Risk Score Predictions locked
Access Monitoring Plan
statics

Underwriter Stats for Axis Bank

Incidents vs Banking Industry Average (This Year)

No incidents recorded for Axis Bank in 2025.

Incidents vs All-Companies Average (This Year)

No incidents recorded for Axis Bank in 2025.

Incident Types Axis Bank vs Banking Industry Avg (This Year)

No incidents recorded for Axis Bank in 2025.

Incident History — Axis Bank (X = Date, Y = Severity)

Axis Bank cyber incidents detection timeline including parent company and subsidiaries

Axis Bank Company Subsidiaries

SubsidiaryImage

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 5000 domestic branches (including extension counters) with 15,751 ATMs & cash recyclers spread across the country. The Bank has 6 Axis Virtual Centres with over 1,500 Virtual Relationship Managers as on 31st March 2023. The Overseas operations of the Bank are spread over eight international offices with branches in Singapore, Dubai (at DIFC), and Gift City-IBU; representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK. The international offices focus on Corporate Lending, Coverage Business, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings. Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd. (NIC), The New India Assurance Company Ltd. (NIA), The Oriental Insurance Company Ltd. (OIC), and United India Insurance Company Ltd. (UIIC). The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003. GIC, NIC, NIA, OIC, UIIC have been reclassified from promoter category to public category. As on March 31, 2023, SUUTI and LIC are the promoters of the Bank. With a balance sheet size of Rs. 13,17,326 crores as on 31st March 2023, Axis Bank has achieved consistent growth and with a 5-year CAGR (2017-18 to 2022-23) of 14% each in Total Assets & Advances and 16% in Deposits.

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Axis Bank CyberSecurity News

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RBI’s major move, banks to benefit significantly

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faq

Frequently Asked Questions

Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.

Axis Bank CyberSecurity History Information

Official Website of Axis Bank

The official website of Axis Bank is http://www.axisbank.com.

Axis Bank’s AI-Generated Cybersecurity Score

According to Rankiteo, Axis Bank’s AI-generated cybersecurity score is 803, reflecting their Good security posture.

How many security badges does Axis Bank’ have ?

According to Rankiteo, Axis Bank currently holds 0 security badges, indicating that no recognized compliance certifications are currently verified for the organization.

Does Axis Bank have SOC 2 Type 1 certification ?

According to Rankiteo, Axis Bank is not certified under SOC 2 Type 1.

Does Axis Bank have SOC 2 Type 2 certification ?

According to Rankiteo, Axis Bank does not hold a SOC 2 Type 2 certification.

Does Axis Bank comply with GDPR ?

According to Rankiteo, Axis Bank is not listed as GDPR compliant.

Does Axis Bank have PCI DSS certification ?

According to Rankiteo, Axis Bank does not currently maintain PCI DSS compliance.

Does Axis Bank comply with HIPAA ?

According to Rankiteo, Axis Bank is not compliant with HIPAA regulations.

Does Axis Bank have ISO 27001 certification ?

According to Rankiteo,Axis Bank is not certified under ISO 27001, indicating the absence of a formally recognized information security management framework.

Industry Classification of Axis Bank

Axis Bank operates primarily in the Banking industry.

Number of Employees at Axis Bank

Axis Bank employs approximately 91,929 people worldwide.

Subsidiaries Owned by Axis Bank

Axis Bank presently has no subsidiaries across any sectors.

Axis Bank’s LinkedIn Followers

Axis Bank’s official LinkedIn profile has approximately 2,742,737 followers.

NAICS Classification of Axis Bank

Axis Bank is classified under the NAICS code 52211, which corresponds to Commercial Banking.

Axis Bank’s Presence on Crunchbase

Yes, Axis Bank has an official profile on Crunchbase, which can be accessed here: https://www.crunchbase.com/organization/axis-bank.

Axis Bank’s Presence on LinkedIn

Yes, Axis Bank maintains an official LinkedIn profile, which is actively utilized for branding and talent engagement, which can be accessed here: https://www.linkedin.com/company/axis-bank.

Cybersecurity Incidents Involving Axis Bank

As of December 11, 2025, Rankiteo reports that Axis Bank has experienced 1 cybersecurity incidents.

Number of Peer and Competitor Companies

Axis Bank has an estimated 6,989 peer or competitor companies worldwide.

What types of cybersecurity incidents have occurred at Axis Bank ?

Incident Types: The types of cybersecurity incidents that have occurred include Breach.

How does Axis Bank detect and respond to cybersecurity incidents ?

Detection and Response: The company detects and responds to cybersecurity incidents through an incident response plan activated with yes, and containment measures with disabling affected debit cards, and remediation measures with reissuing debit cards, and communication strategy with public announcements by affected banks..

Incident Details

Can you provide details on each incident ?

Incident : Data Breach

Title: Security Breach Compromises 3.25 Million Debit Cards in India

Description: Several Indian banks have taken drastic steps in response to a security breach that may have compromised up to 3.25 million debit cards—or 0.5% of the approximately 700 million debit cards that Indian banks have issued.

Type: Data Breach

Attack Vector: Compromised ATM network processing

Vulnerability Exploited: ATM network processing

Motivation: Financial Gain

What are the most common types of attacks the company has faced ?

Common Attack Types: The most common types of attacks the company has faced is Breach.

How does the company identify the attack vectors used in incidents ?

Identification of Attack Vectors: The company identifies the attack vectors used in incidents through ATM network processing.

Impact of the Incidents

What was the impact of each incident ?

Incident : Data Breach AXI173851123

Data Compromised: Debit card information

Systems Affected: ATM network processing systems

Operational Impact: Reissuing of debit cards

Brand Reputation Impact: Negative impact on customer trust

Identity Theft Risk: High

Payment Information Risk: High

What types of data are most commonly compromised in incidents ?

Commonly Compromised Data Types: The types of data most commonly compromised in incidents are Debit card information.

Which entities were affected by each incident ?

Incident : Data Breach AXI173851123

Entity Name: Hitachi Payment Services

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Customers Affected: 3250000

Incident : Data Breach AXI173851123

Entity Name: Yes Bank Ltd.

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Incident : Data Breach AXI173851123

Entity Name: State Bank of India

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Incident : Data Breach AXI173851123

Entity Name: ICICI Bank

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Incident : Data Breach AXI173851123

Entity Name: HDFC Bank

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Incident : Data Breach AXI173851123

Entity Name: Axis Bank

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Incident : Data Breach AXI173851123

Entity Name: Standard Chartered

Entity Type: Financial Institution

Industry: Financial Services

Location: India

Response to the Incidents

What measures were taken in response to each incident ?

Incident : Data Breach AXI173851123

Incident Response Plan Activated: Yes

Containment Measures: Disabling affected debit cards

Remediation Measures: Reissuing debit cards

Communication Strategy: Public announcements by affected banks

What is the company's incident response plan?

Incident Response Plan: The company's incident response plan is described as Yes.

Data Breach Information

What type of data was compromised in each breach ?

Incident : Data Breach AXI173851123

Type of Data Compromised: Debit card information

Number of Records Exposed: 3250000

Sensitivity of Data: High

Personally Identifiable Information: Yes

What measures does the company take to prevent data exfiltration ?

Prevention of Data Exfiltration: The company takes the following measures to prevent data exfiltration: Reissuing debit cards.

How does the company handle incidents involving personally identifiable information (PII) ?

Handling of PII Incidents: The company handles incidents involving personally identifiable information (PII) through by disabling affected debit cards.

Investigation Status

How does the company communicate the status of incident investigations to stakeholders ?

Communication of Investigation Status: The company communicates the status of incident investigations to stakeholders through Public announcements by affected banks.

Stakeholder and Customer Advisories

Were there any advisories issued to stakeholders or customers for each incident ?

Incident : Data Breach AXI173851123

Customer Advisories: Reissuing of debit cards

What advisories does the company provide to stakeholders and customers following an incident ?

Advisories Provided: The company provides the following advisories to stakeholders and customers following an incident: was Reissuing of debit cards.

Initial Access Broker

How did the initial access broker gain entry for each incident ?

Incident : Data Breach AXI173851123

Entry Point: ATM network processing

Post-Incident Analysis

What were the root causes and corrective actions taken for each incident ?

Incident : Data Breach AXI173851123

Corrective Actions: Reissuing debit cards

What corrective actions has the company taken based on post-incident analysis ?

Corrective Actions Taken: The company has taken the following corrective actions based on post-incident analysis: Reissuing debit cards.

Additional Questions

Impact of the Incidents

What was the most significant data compromised in an incident ?

Most Significant Data Compromised: The most significant data compromised in an incident was Debit card information.

Response to the Incidents

What containment measures were taken in the most recent incident ?

Containment Measures in Most Recent Incident: The containment measures taken in the most recent incident was Disabling affected debit cards.

Data Breach Information

What was the most sensitive data compromised in a breach ?

Most Sensitive Data Compromised: The most sensitive data compromised in a breach was Debit card information.

What was the number of records exposed in the most significant breach ?

Number of Records Exposed in Most Significant Breach: The number of records exposed in the most significant breach was 325.0.

Stakeholder and Customer Advisories

What was the most recent customer advisory issued ?

Most Recent Customer Advisory: The most recent customer advisory issued was an Reissuing of debit cards.

Initial Access Broker

What was the most recent entry point used by an initial access broker ?

Most Recent Entry Point: The most recent entry point used by an initial access broker was an ATM network processing.

cve

Latest Global CVEs (Not Company-Specific)

Description

FreePBX Endpoint Manager is a module for managing telephony endpoints in FreePBX systems. Versions prior to 16.0.96 and 17.0.1 through 17.0.9 have a weak default password. By default, this is a 6 digit numeric value which can be brute forced. (This is the app_password parameter). Depending on local configuration, this password could be the extension, voicemail, user manager, DPMA or EPM phone admin password. This issue is fixed in versions 16.0.96 and 17.0.10.

Risk Information
cvss4
Base: 6.9
Severity: LOW
CVSS:4.0/AV:N/AC:L/AT:N/PR:N/UI:N/VC:L/VI:L/VA:N/SC:N/SI:N/SA:N/E:X/CR:X/IR:X/AR:X/MAV:X/MAC:X/MAT:X/MPR:X/MUI:X/MVC:X/MVI:X/MVA:X/MSC:X/MSI:X/MSA:X/S:X/AU:X/R:X/V:X/RE:X/U:X
Description

Neuron is a PHP framework for creating and orchestrating AI Agents. In versions 2.8.11 and below, the MySQLWriteTool executes arbitrary SQL provided by the caller using PDO::prepare() + execute() without semantic restrictions. This is consistent with the name (“write tool”), but in an LLM/agent context it becomes a high-risk capability: prompt injection or indirect prompt manipulation can cause execution of destructive queries such as DROP TABLE, TRUNCATE, DELETE, ALTER, or privilege-related statements (subject to DB permissions). Deployments that expose an agent with MySQLWriteTool enabled to untrusted input and/or run the tool with a DB user that has broad privileges are impacted. This issue is fixed in version 2.8.12.

Risk Information
cvss3
Base: 9.4
Severity: LOW
CVSS:3.1/AV:N/AC:L/PR:N/UI:N/S:U/C:L/I:H/A:H
Description

Neuron is a PHP framework for creating and orchestrating AI Agents. Versions 2.8.11 and below use MySQLSelectTool, which is vulnerable to Read-Only Bypass. MySQLSelectTool is intended to be a read-only SQL tool (e.g., for LLM agent querying, however, validation based on the first keyword (e.g., SELECT) and a forbidden-keyword list does not block file-writing constructs such as INTO OUTFILE / INTO DUMPFILE. As a result, an attacker who can influence the tool input (e.g., via prompt injection through a public agent endpoint) may write arbitrary files to the DB server if the MySQL/MariaDB account has the FILE privilege and server configuration permits writes to a useful location (e.g., a web-accessible directory). This issue is fixed in version 2.8.12.

Risk Information
cvss3
Base: 8.2
Severity: LOW
CVSS:3.1/AV:N/AC:L/PR:N/UI:N/S:U/C:L/I:H/A:N
Description

Okta Java Management SDK facilitates interactions with the Okta management API. In versions 11.0.0 through 20.0.0, race conditions may arise from concurrent requests using the ApiClient class. This could cause a status code or response header from one request’s response to influence another request’s response. This issue is fixed in version 20.0.1.

Risk Information
cvss3
Base: 8.4
Severity: HIGH
CVSS:3.1/AV:N/AC:H/PR:L/UI:N/S:C/C:H/I:H/A:L
Description

The Auth0 Next.js SDK is a library for implementing user authentication in Next.js applications. When using versions 4.11.0 through 4.11.2 and 4.12.0, simultaneous requests on the same client may result in improper lookups in the TokenRequestCache for the request results. This issue is fixed in versions 4.11.2 and 4.12.1.

Risk Information
cvss3
Base: 5.4
Severity: HIGH
CVSS:3.1/AV:N/AC:H/PR:L/UI:R/S:U/C:H/I:L/A:N

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These are some of the factors we use to calculate the overall score:

Network Security

Identify exposed access points, detect misconfigured SSL certificates, and uncover vulnerabilities across the network infrastructure.

SBOM (Software Bill of Materials)

Gain visibility into the software components used within an organization to detect vulnerabilities, manage risk, and ensure supply chain security.

CMDB (Configuration Management Database)

Monitor and manage all IT assets and their configurations to ensure accurate, real-time visibility across the company's technology environment.

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