Hackers Siphoned off Rs. 94 Crores From Cosmos Bank

Cosmos Bank at Pune loses Rs. 94 Crores in a Cyber Attack!

In a suspected case of cyber attack, a server at Pune-headquartered Cosmos Bank was hacked and over Rs. 94 crores allegedly transferred to bank accounts outside the country. The officials of the cooperative bank have filed a complaint at the Chaturshringi police station in Pune in this regard.

In the FIR, the bank officials have stated that they suspect a malware attack on the ATM switch located at the bank’s headquarters on Ganeshkhind Road in the city. They further said that Rs. 80.5 crore were initially transferred to a foreign bank in 14,849 transactions of the debit card, and another Rs. 13.9 crore transferred in a SWIFT transaction.

The FIR also states that the money transfer took place on two occasions last week — on August 11 and August 13. A team from the local police station and the cyber crime cell of Pune police have launched an investigation in the case.

According to the complaint, information about thousands of debit cards have been stolen by suspected cybercriminals in the malware attack.

The top officials of the bank said a press conference will be held during the day about the issue.

The Cosmos bank, hailed as one of the oldest cooperative banks in India, was established in the year 1906. “We are right now working with the police and sharing all the information with them,” said the officials.

Credit: The Indian Express

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Vishal Kumar

Vishal Kumar is an author for Securityleaks who post updates regarding hacking news, information and much more of Cyber Security world.

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