India's third-largest private-sector bank Axis Bank has appointed auditing firm EY to probe a cyber attack that came to its notice last month, a report in the Economic Times says.
The ET report said Axis was contacted by an engineer from Moscow-based Kaspersky anti-virus firm who told the bank that he had discovered a bug in Axis' systems while carrying out a separate probe.
The bank has filed a report with the Reserve Bank of India appraising it of the situation.
This is not the first time a cyber attack has been carried out against a financial institution in India.
The ET report lists instances of a depository and a large public sector bank that had suffered a cyber attack.
In June this year, the Reserve Bank of India had formulated a comprehensive policy that it wants banks to roll out.
The guidelines outline an indicative set of baseline cyber security and resilience requirements, steps to set up a "cyber security operation centre" and a template for reporting incidents to the central bank.
Axis Bank has strong security systems and procedures in place. We have a large team of IT professionals and security experts who are constantly monitoring our systems, and mitigate any threat, said an official spokesperson of Axis Bank.
The spokesperson further added: "Our internal monitoring mechanism identified such a threat recently and all steps have been undertaken to neutralise the same."
"There has been no loss to our customers," the spokesperson said.