Blog | G5 Cyber Security

City Union Bank is the last victim of a cyber attack that used SWIFT to transfer funds

Indian bank Kumbakonam-based City Union Bank announced that cyber criminals compromised its systems and transferred a total of US$1.8 million. The Indian bank confirmed that it has suffered a security breach launched international cyber-criminals and there is no evidence of internal staff involvement The bank confirmed it was working with the Ministry of External Affairs and officials in Turkey and China to recover the funds. The SWIFT system is now back in operation with adequate enhanced security”]

Source: https://securityaffairs.co/wordpress/69268/cyber-crime/city-union-bank-hack.html

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