Delhi High Court directs SBI to compensate cyber fraud victim

The Delhi High Court directed the State Bank of India (SBI) to compensate a customer for losses incurred due to cyber fraud. The court emphasized the bank’s responsibility to ensure the security of its customers’ accounts and transactions. The decision came in a case where the customer lost money due to unauthorized transactions, and the bank failed to take adequate measures to prevent the fraud. The court’s ruling highlights the importance of robust cybersecurity measures and the accountability of financial institutions in protecting their customers from cyber threats.