Cosmos Bank

August 17, 2018

Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

This post was originally published on this siteOn Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries. The FBI put out its alert on Friday, Aug. 10. The criminals who hacked into Pune, India-based Cosmos Bank executed their […]