Know About the BookMyForex/Yes Bank Forex Card Data Breach.

In late February 2026, many customers claimed they did not authorize their prepaid foreign exchange cards issued by BookMyForex and Yes Bank to be used without their consent to complete international transactions. This has led to a possibility of a forex data breach or other security issues with foreign exchange instruments.

What Happened — Summary of the Forex Data Breach

According to an NDTV article https://www.ndtvprofit.com/india/bookmyforex-hit-by-major-data-breach-users-report-unauthorised-transactions-in-foreign-currencies-11132962/ there are numerous reports of international customers posting on social media and in various news outlets about the unauthorized transactions (especially US and Brazilian) occurring on their Yes Bank forex cards.

In reaction to this situation, Yes Bank put restrictions on transactions out of suspicious locations. One notable location was a Latin American country, where two-factor authentication is not required for making transactions, and flagged other transactions that occurred outside the bank’s normal course of business for blocking.

Was It a Forex Data Breach? What Companies Are Saying

Many clients thought that the company had experienced a data leak, BookMyForex has confirmed that their systems were safe and secure and that no clients’ private data has been compromised.

BookMyForex described the increase in suspicious transaction attempts, which were flagged and acted upon, but ensured clients that their account balances were protected while they worked with Yes Bank to bolster their safeguards. Temporary replacement cards are reportedly being provided to clients affected by the attempted fraud.

Numerous investigations and articles have been published, which have revealed that sensitive card data may have been compromised and could be used in illegal transactions on the internet.

The Reserve Bank of India (RBI) announced that it plans to call Yes Bank’s management for an explanation regarding the incident of fraud, as well as a review of compliance with its cyber security guidelines. This measure shows how serious the regulators take this issue with respect to fintech products as well as when customers use their cards internationally.

What This Means for Travellers

For travellers using prepaid forex cards — whether from BookMyForex or any other provider — this incident highlights several key risks:

1. No Payment Method Is Completely Risk-Free

Even established fintech and bank-issued products can be vulnerable to fraud or misuse, especially when used for international e-commerce, where authentication requirements vary by country.

2. Real-Time Monitoring and Alerts Matter

While some automated fraud detection systems may provide users with protection against fraudulent transactions, users should remain vigilant in monitoring their transaction history. For example, checking transaction histories regularly and especially before and during travel can help individuals discover unauthorized transactions sooner rather than later.

3. Fast Response Is Crucial

If you suspect fraud or unusual activity, immediately:

• Lock the card via the app or portal.
• Contact customer service and file a dispute.
• Consider transferring your remaining balance to a bank account or alternative payment method.

SunRaj Travels always recommends these proactive steps to every traveller we advise.

Conclusion

The BookMyForex/Yes Bank incident has highlighted to all travelers that in addition to ease of use, security is an extremely important consideration when it comes to using foreign exchange and travel funds. The advent of new technology such as fintech is providing users with ease and flexibility, but in order to take full advantage and benefit from these new technologies, they need to use them along with precautions and smart decision-making.

At SunRaj Travels, our goal is to ensure your safety, including financial safety; therefore, we continuously review our FOREX partners, provide travelers with information about best practices and assist travelers in making informed choices within a constantly changing travel environment.

If you’re going to be traveling soon and need dependable FOREX services or travel advice, please feel free to contact us. We will be happy to assist you!

FAQ

1. Was there an official forex data breach confirmed?

BookMyForex stated that there was no breach of their internal systems. Nevertheless, there were reports made by several customers about unauthorised transactions. The Company is continuing to investigate these reports and advises all customers to continue to monitor official communications regarding the situation.

2. Are forex cards still safe to use?

Yes, it is much safer than carrying large amounts of cash; however, it is still important to have proper oversight and use safekeeping measures with any type of electronic payment tool, including a Forex card.

3. Should I avoid online forex platforms?

Yes, there are secure and regulated online platforms that offer forex trading, but you must be aware of the security features as well as the provider you choose to trade with.

4. Is carrying cash safer than a forex card?

By using an excessive amount of cash, you run the risk of being robbed and subsequently losing your funds. A combination of a forex card, cash, and a backup card will give you the most confidence that your trading activities will not be subject to theft or loss.