- Tag results for Cosmos Bank
'A sudden rise in frauds of higher magnitude forced us to consider substantially much higher risk cover than the basic banker’s indemnity policy and blanket bond,' said a top public sector banker.
On August 11 and 13, unidentified hackers had stolen information of the bank's VISA and Rupay card customers through malware.
The police are getting the transaction details from the bank and the primary focus right now will be to probe the domestic transactions, in which Rs 2.
The Indian banking industry went in shudders on Tuesday after the Cosmos Bank admitted that it fell victim to an international group of hackers who siphoned off a total of Rs 94.24 crore.
The hackers had stolen the details of the debit card holders and transferred the money from Cosmos Bank to bank accounts outside India.