Headlines

Mumbai: Rs 143 crore swiped off State Bank of Mauritius branch in cyber fraud

Written by PaperDabba
Image Source : PTI

This is the second major cyber attack on a bank in Maharashtra in the past couple of months. (Photo for representation/PTI)

In what probably is one of the biggest cases of cyber frauds in India, Rs 143 crore was ‘looted’ from the State Bank of Mauritius (SBM) branch in Mumbai. The cyber heist happened at SBM’s Nariman Point branch. 

The bank has lodged a case with Mumbai Police Economic Offences Wing (EOW).

Related Stories

The SBM said that some unknown persons hacked into its servers to illegally access various accounts and managed to transfer money to multiple accounts outside the country.

The EOW and the Cyber Cell experts are investigating the case and trying to ascertain if it is a malware attack, besides the SBM’s own internal probe to find out the involvement of any insider.

On October 2, the SBM had said in a statement that its India operations had been hit by a cyber fraud with a potential loss of around $14 million.

However, it assured that no loss has been caused to any customer and that the SBM enjoyed sufficient liquidity for all its future plans.

SBM India, a subsidiary of SBM Holdings, has branches in Mumbai, Chennai, Hyderabad and Ramachandrapuram in Andhra Pradesh.

This is the second major cyber attack on a bank in Maharashtra in the past couple of months.

In two separate cyber-attacks on August 9 and 11, the Cosmos Bank Pvt Ltd, Pune, lost a total of Rs 94.24 crore to an international group of operatives working in tandem in several countries worldwide.

(With inputs from IANS)

Advertisements

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.