Cosmos Bank Fraud

A court in Maharashtra's Pune district has convicted 11 people in the Cosmos Bank cyber fraud case, in which hackers siphoned off more than Rs 94 crore through a malware attack over a period of two days in 2018, police said on Sunday.

The United Nations has said that North Korea carried out the $13.5 million cyber heist of Pune's Cosmos Bank using a network across 28 countries by breaking its internal safety measures last year as the country was starved for foreign funds due to UN sanctions.

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.

Following a hacking of servers of city-headquartered Cosmos Bank, Rs 78 crore were withdrawn "physically" from 28 countries including the UK, USA, Russia and the UAE using cloned ATM cards, the police said on Friday.

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.

A court in Maharashtra's Pune district has convicted 11 people in the Cosmos Bank cyber fraud case, in which hackers siphoned off more than Rs 94 crore through a malware attack over a period of two days in 2018, police said on Sunday.

The United Nations has said that North Korea carried out the $13.5 million cyber heist of Pune's Cosmos Bank using a network across 28 countries by breaking its internal safety measures last year as the country was starved for foreign funds due to UN sanctions.

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.

Following a hacking of servers of city-headquartered Cosmos Bank, Rs 78 crore were withdrawn "physically" from 28 countries including the UK, USA, Russia and the UAE using cloned ATM cards, the police said on Friday.

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.