Rs 90 cr Cosmos Bank fraud: NPC makes this big statement
Hackers managed to siphon off over Rs 90 crore through a malware attack on the server of the bank and cloning thousands of debit cards, Cosmos Bank chairman Milind Kale had said.
NPCI said its systems are “fully secure” and the cyber fraud of more than Rs 90 crore at Pune-based Cosmos Bank happened due to a malware-based attack on the lender’s IT system. Image source: Reuters