Police in India have launched a formal investigation of a malware attack on a Cosmos Bank ATM server. The hackers cloned the bank’s Visa and Rupay debit cards and used them to siphon cash from ATMs. The bank claims the incident was a broader international attack on the banking system. Security experts allege the Pune-based bank had an outdated ATM payment switch and card management system that may have had vulnerabilities that enabled attackers to gain access. Some practitioners do not rule out a nation-state attack.”]
Source: https://www.bankinfosecurity.com/police-investigate-cosmos-bank-hack-a-11379