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India-based Cosmos Bank loses USD 13.5 mln in cyber attack

Wednesday 15 August 2018 10:18 CET | News

India-based Cosmos Bank has been hacked by cybercriminals, who siphoned off nearly USD 13.5 million (944 million rupees).

The co-operative bank said unidentified hackers stole customer information through a malware attack on its automated teller machine (ATM) server, withdrawing 805 million rupees in 14,849 transactions in just over two hours, mainly overseas.

Apart from the ATM withdrawals, the hackers transferred 139 million rupees to a Hong Kong-based company’s account by issuing three unauthorised transactions over the SWIFT global payments network, the bank said in a police complaint, a copy of which was seen by Reuters.


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Keywords: India, bank, financial institution, cybercrime, fraud, hack, steal, ATM
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