Police in India have launched a formal investigation of a malware attack on a Cosmos Bank ATM server that enabled attackers to siphon off US$13.4 million. The bank claims the incident was a broader international attack on the banking system. Some payment experts theorize that the fraud involved breaching the firewall in servers that authorize ATM transactions. The National Payments Council of India, the umbrella organization that operates retail payments and settlement systems in India, blamed Cosmos Bank’s weak IT environment for a cyberattack.”]
Source: https://www.cuinfosecurity.com/police-investigate-cosmos-bank-hack-a-11379