Cosmos Bank's server hacked; Rs 94 cr siphoned off in 2 days
August 14, 2018  14:10
Hackers managed to transfer over Rs 94 crore through a malware attack on the server of Pune-based Cosmos Bank and cloning thousands of the bank's debit cards over a period of two days, a senior bank official said.

The fraudulent transactions were carried out on August 11 and August 13 through 25 ATMs located in Canada, Hong Kong and a few in India. The cards of the cooperative bank customers that were cloned were of Visa and Rupay.

"A complaint has been filed with Pune police about the malware attack and the bank is doing internal audits to investigate the breach," the official said.

The bank maintained that the core banking system (CBS) was not attacked and the malware attack was on the switch, which is operative for payment gateways of Visa and Rupay debit cards. "None of the customers' accounts were touched and it is the bank which has incurred the loss of this money," the official said. -- PTI
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