Cosmos Bank Loot: Cloned ATM Cards Used to Withdraw Rs 78 Crore From 28 Countries
Days after servers of Cosmos Bank were hacked, reports have emerged that at least Rs 78 crore was withdrawn from various countries using cloned ATM cards.
Pune, August 25: Days after servers of Cosmos Bank were hacked, reports have emerged that at least Rs 78 crore was withdrawn from various countries using cloned ATM cards. According to a PTI report, the amount was withdrawn "physically" from 28 countries including the UK, USA, Russia and the UAE on August 11 and 13.
Unidentified hackers targeted the bank's ATM switch server and stole details of VISA and Rupay ATM cards, say reports. "The United Kingdom, United States, Russia, United Arab Emirates and Canada are among 28 countries from where Rs 78 crore were withdrawn physically, using cloned cards," said Jyotipriya Singh, Deputy Commissioner of Police (Cyber and Economic Offences Wing).
The cyber cell was getting in touch with law enforcement agencies of these countries for further action, she said.
The Cosmos Co-operative Bank Ltd, one of the oldest cooperative banks in India, fell prey to a suspected cyber-attack as the server of its headquarter located in Pune was hacked. Reports said that transactions worth Rs 94.42 crore were carried out in India and Hong Kong.
(The above story first appeared on LatestLY on Aug 25, 2018 10:12 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).