Monday, August 13, 2018

Hackers rob Cosmos Bank; lay hands on 94 Crs

14/8/2018

PUNE: Online fraudsters break security of a leading cooperative bank, Cosmos Bank and transferred around 94.42 crore rupees to a account in other country and withdrawn this money successfully. Bank officers said that this was a malware attack and they are scrutinising the case.

Cosmos Bank lodged a police complaint against unknown cyber criminals and a Hong Kong based company, ALM Trading Limited today. Atleast 13.92 cr rupees were transferred to ALM’s bank account in Hong Kong.

Elaborating the incident, Police said that the ATM server located at Cosmos Head Office on Ganesh Khind road was hacked around 3 pm to 10 pm on August 11. The hackers had stolen information of Visa and RuPay debit cardholders. In 12000 transactions of Visa card, the cyber criminals transferred Rs. 78 crores out of India. Similarly, through 2889 transactions of RuPay Card holders, Rs. 2.5 crores were transferred within India.

On August 13, hackers transferred 13.92 crores to ALM Trading Limited’s Hong Kong bank account through SWIFT transactions. Prima facie it is revealed that criminals targeted only Cosmos bank. Suhas Gokhale, bank top official lodged FIR  in Chatushringi Police station against unknown persons and ALM Trading Company for offences under sections 420 (cheating), 379 (theft), 120b (criminal conspiracy), 34 (common intention) of the Indian Penal Code and relevant sections of Information Technology (IT) Act.



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