Hackers stole customer data through a malware attack on the ATM server.
Reuters reports that cyber criminals have stolen $13.5m (INR944m) from India’s Cosmos Bank through simultaneous withdrawals across 28 countries over the weekend.
Unidentified hackers siphoned off customer information through a malware attack on its ATM server, withdrawing 11.47m (INR805m) in nearly 15,000 transactions in a little over two hours.
The hackers also transferred $1.98m (INR139m) to a Hong Kong-based company’s account by issuing three unauthorised transactions over the SWIFT global payments network, the bank said in a police complaint.
“During the malware attack, a proxy switch was created and all the fraudulent payment approvals were passed by the proxy switching system,” the bank said in a statement.
Here’s more from Reuters:
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