The hackers had attacked the banks' ATM switch server and withdrew a total Rs 78 crore. 
Business

Two held in Pune-based Cosmos Bank cyber fraud case

On August 11 and 13, unidentified hackers had stolen information of the bank's VISA and Rupay card customers through malware.

From our online archive

PUNE: Two persons were arrested in connection with the Cosmos Bank cyber fraud case in which hackers allegedly siphoned off over Rs 94 crore through a malware attack on the bank's server in two days, police said Tuesday.

On August 11 and 13, unidentified hackers had stolen information of the bank's VISA and Rupay card customers through malware, attacked SWIFT system and siphoned off Rs total 94 crore.

"While investigating the domestic transactions, we arrested two persons yesterday from different places in the state.

They were found involved in the fraudulent transactions," deputy commissioner of police (cyber and economic offence wing) Jyotipriya Singh said.

Singh, under whose supervision the special investigation team (SIT) is probing the case, however, refused to divulge any further details about the suspects.

"With these two arrests, we have received some crucial leads. However, I cannot reveal much information about them," she said.

According to her, both the accused were produced before a court Tuesday, which remanded them to seven days of SIT custody.

The hackers had attacked the banks' ATM switch server and withdrew a total Rs 78 crore from various ATMs in 28 countries and another Rs 2.5 crores was taken out within India.

In another attack on August 13, hackers again fraudulently transferred Rs 13. 92 crore in a Hong Kong-based bank using the proxy SWIFT system, police have said.

Why PM Modi's speech in the Israeli Knesset troubled me

India, Israel seal 'Special Strategic Partnership'; UPI rollout, FTA push and critical minerals pact take centre stage

T20 World Cup: India stay in hunt for semifinal spot with thumping 72-run victory over Zimbabwe

Afghan authorities carry out strikes in retaliation for earlier Pakistani airstrikes

'Someone has to be held accountable': PM Modi on NCERT judiciary chapter row

SCROLL FOR NEXT