Current Affairs - Banking - Discussion

Cosmos bank announced that the server of Pune-based bank was under a malware attack for 2 days between August 11 and August 13 and an amount of Rs 94 crore has been transferred off. The fraudulent transactions were carried out via cloning of thousands of the bank's debit cards and 25 ATMs located in Canada, Hong Kong and a few in India. The cards of the cooperative bank customers that were cloned were of Visa and Rupay. The malware attack was on the switch, which is operative for payment gateways of Visa and Rupay debit cards.