Big criminal racket: Hackers  Breaks Into Cosmos Bank’s Server Steal Rs 94 Crore
Big criminal racket: Hackers Breaks Into Cosmos Bank’s Server Steal Rs 94 Crore
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Pune: An FIR has been registered against an unidentified person and a Hong Kong based company for hacking the server of Cosmos Bank and making a transaction of Rs 94.42 Crore, in Maharashtra.

In India, 2800 false transactions of Rs 2.5Cr using 400 debit cards took place following an international attack on the banking system.

“No customer account affected, dummy cards were used and switching system of the bank was hacked” Milind Kale, Cosmos Bank Chairman asserted. He added that Probe is underway in the matter. He also informed that using 450 International Visa Debit Card, 12000 transactions took place in 2hrs 13min from ATMs and other locations across 21 countries on Saturday.

“It is a big criminal racket”, Milind Kale, Cosmos Bank Chairman said on the cyber attack on Cosmos Bank Maharashtra. The second transaction was allegedly made to the account of ALM Trading Limited at Hang Seng Bank in Hong Kong, as News 18 reported. According to the FIR, information of thousands of debit cards was stolen during the malware attack is registered.

An anonymous official of Bank said Rs 80.5 crore was first transferred to a foreign bank through 14,849 debit card transactions on August 11, and another Rs 13.9 crore was transferred through a SWIFT transaction two days after.

Worth mention here a team from the Chatushrungi police station in Pune and the cyber crime cell has commenced an investigation.

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