Blog | G5 Cyber Security

Hackers Steal $13.5 Million Across Three Days From Indian Bank

India’s second-largest cooperative bank, Cosmos Bank, hacked over the weekend. Hackers used a “proxy switch”” to funnel fraudulent payment approvals to the bank’s network. Attack traced to Canada

Source: according to international banking standards. There has been a flurry of hacks of banks and financial institutions in the past years from both nation-state actors and Eastern European hackers.”

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