Cyber-attack at Cosmos Bank; hackers steal Rs 94 crore in 2 days

Pune: More than Rs 94 crore was transferred by unidentified hackers from Cosmos cooperative bank into some foreign-based bank accounts, media reports 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 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.

“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.