Indian bank hacked, $2 million stolen

- Post Report, MUMBAI

Feb 19, 2018-

India’s City Union Bank said on Sunday that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorised remittances to lenders overseas via the SWIFT financial platform.

The comments come after the small private lender on Saturday had disclosed it had discovered the three “fraudulent remittances”, which were sent via correspondent banks to accounts in Dubai, Turkey and China.

Chief Executive Officer N. Kamakodi called it a “conspiracy” involving multiple countries, and added the lender was still investigating how it had happened.

“This is basically a cyber attack by international cyber criminals,” he told Reuters in a phone interview. Kamakodi added they saw “so far no evidence of any internal staff involvement,” but said “we are very clear now the account holders are part of this conspiracy.” (REUTERS)

Published: 19-02-2018 09:10

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