Company Details
axis-bank
91,929
2,742,737
52211
axisbank.com
0
AXI_7082009
In-progress

Axis Bank Company CyberSecurity Posture
axisbank.comAxis 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.
Company Details
axis-bank
91,929
2,742,737
52211
axisbank.com
0
AXI_7082009
In-progress
Between 800 and 849

Axis Bank Global Score (TPRM)XXXX

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.


No incidents recorded for Axis Bank in 2025.
No incidents recorded for Axis Bank in 2025.
No incidents recorded for Axis Bank in 2025.
Axis Bank cyber incidents detection timeline including parent company and subsidiaries

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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Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.
The official website of Axis Bank is http://www.axisbank.com.
According to Rankiteo, Axis Bank’s AI-generated cybersecurity score is 802, reflecting their Good security posture.
According to Rankiteo, Axis Bank currently holds 0 security badges, indicating that no recognized compliance certifications are currently verified for the organization.
According to Rankiteo, Axis Bank is not certified under SOC 2 Type 1.
According to Rankiteo, Axis Bank does not hold a SOC 2 Type 2 certification.
According to Rankiteo, Axis Bank is not listed as GDPR compliant.
According to Rankiteo, Axis Bank does not currently maintain PCI DSS compliance.
According to Rankiteo, Axis Bank is not compliant with HIPAA regulations.
According to Rankiteo,Axis Bank is not certified under ISO 27001, indicating the absence of a formally recognized information security management framework.
Axis Bank operates primarily in the Banking industry.
Axis Bank employs approximately 91,929 people worldwide.
Axis Bank presently has no subsidiaries across any sectors.
Axis Bank’s official LinkedIn profile has approximately 2,742,737 followers.
Axis Bank is classified under the NAICS code 52211, which corresponds to Commercial Banking.
Yes, Axis Bank has an official profile on Crunchbase, which can be accessed here: https://www.crunchbase.com/organization/axis-bank.
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.
As of December 23, 2025, Rankiteo reports that Axis Bank has experienced 1 cybersecurity incidents.
Axis Bank has an estimated 7,108 peer or competitor companies worldwide.
Incident Types: The types of cybersecurity incidents that have occurred include Breach.
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..
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
Common Attack Types: The most common types of attacks the company has faced is Breach.
Identification of Attack Vectors: The company identifies the attack vectors used in incidents through ATM network processing.

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

Entity Name: Hitachi Payment Services
Entity Type: Financial Institution
Industry: Financial Services
Location: India
Customers Affected: 3250000

Entity Name: Yes Bank Ltd.
Entity Type: Financial Institution
Industry: Financial Services
Location: India

Entity Name: State Bank of India
Entity Type: Financial Institution
Industry: Financial Services
Location: India

Entity Name: ICICI Bank
Entity Type: Financial Institution
Industry: Financial Services
Location: India

Entity Name: HDFC Bank
Entity Type: Financial Institution
Industry: Financial Services
Location: India

Entity Name: Axis Bank
Entity Type: Financial Institution
Industry: Financial Services
Location: India

Entity Name: Standard Chartered
Entity Type: Financial Institution
Industry: Financial Services
Location: India

Incident Response Plan Activated: Yes
Containment Measures: Disabling affected debit cards
Remediation Measures: Reissuing debit cards
Communication Strategy: Public announcements by affected banks
Incident Response Plan: The company's incident response plan is described as Yes.

Type of Data Compromised: Debit card information
Number of Records Exposed: 3250000
Sensitivity of Data: High
Personally Identifiable Information: Yes
Prevention of Data Exfiltration: The company takes the following measures to prevent data exfiltration: Reissuing debit cards.
Handling of PII Incidents: The company handles incidents involving personally identifiable information (PII) through by disabling affected debit cards.
Communication of Investigation Status: The company communicates the status of incident investigations to stakeholders through Public announcements by affected banks.

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

Entry Point: ATM network processing

Corrective Actions: Reissuing debit cards
Corrective Actions Taken: The company has taken the following corrective actions based on post-incident analysis: Reissuing debit cards.
Most Significant Data Compromised: The most significant data compromised in an incident was Debit card information.
Containment Measures in Most Recent Incident: The containment measures taken in the most recent incident was Disabling affected debit cards.
Most Sensitive Data Compromised: The most sensitive data compromised in a breach was Debit card information.
Number of Records Exposed in Most Significant Breach: The number of records exposed in the most significant breach was 325.0.
Most Recent Customer Advisory: The most recent customer advisory issued was an Reissuing of debit cards.
Most Recent Entry Point: The most recent entry point used by an initial access broker was an ATM network processing.
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