wordpress blog stats
Connect with us

Hi, what are you looking for?

Cosmos bank hacked by unidentified malware, money siphoned


Cosmos Cooperative Bank was hacked into twice last Saturday and yesterday (11–13 August), where hackers reportedly siphoned Rs 95 crore, IANS reports. An FIR was lodged in the Chaturshringi Police Station in Pune, where the bank is headquartered, following this attack.

The report adds that unknown persons hacked the ATM servers in Pune, acquired sensitive data of Visa and RuPay debit card customers and carried out 2,800 false transactions to the tune of Rs 2.5 crore using 400 debit cards. The bank said that “no customer account was affected”, and dummy cards were used to hack the switch system of the bank.

However, thanks to the unidentified malware, nearly Rs 80 crore was withdrawn via 12,000 Visa card transactions and transferred outside the country, including to Hong Kong bank accounts, while Rs 2.5 crore from nearly 2,900 transactions was transferred to Indian bank accounts. There was also one SWIFT transaction worth Rs 13.92 crore.

The bank has shut down its servers and net banking facilities as a precautionary measure, and also lodged a case under the IT Act and relevant sections of the IPC.

Advertisement. Scroll to continue reading.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ