Bank of Mau­ri­tius says stolen money re­cov­ered

The New Indian Express - - INDIA -

THE State Bank of Mau­ri­tius (SBM) on Fri­day said it had lost `143 crore in cy­ber fraud com­mit­ted at its Na­ri­man Point branch in the city on Oc­to­ber 2.

Later in the day how­ever, the bank said it had re­cov­ered “most of the money”.

An SBM In­dia spokesper­son said, “A cy­ber in­ci­dent took place on Tues­day 2 Oc­to­ber 2018 whereby SBM In­dia has been vic­tim of a cy­ber­at­tack through fraud­u­lent SWIFT pay­ments but the nec­es­sary mea­sures have been taken to pre­vent any fur­ther dam­age. Based on proac­tive and prompt mea­sures, we have man­aged to re­cover around most of the lost amount. As of to­day, the lost amount is lim­ited to `19 crore which will come down even fur­ther post claim­ing the in­sur­ance money. We would like to as­sure our cus­tomers that not a sin­gle cus­tomer ac­count has been im­pacted. We are work­ing with the rel­e­vant au­thor­i­ties to get to the root of the mat­ter.”

Ac­cord­ing to the com­plaint filed by the bank last week, hack­ers had made their way into the bank’s servers and routed money fraud­u­lently with the help of il­le­gal SWIFT trans­ac­tions. In­ves­ti­ga­tions into the fraud are on­go­ing but no one has been ar­rested yet, said the po­lice.

This is the third such at­tack on a bank in the coun­try this year. In Fe­bru­ary, sev­eral branches of the City Union Bank in Chen­nai lost `34 crore in a sim­i­lar at­tack while `94 crore was si­phoned off from the Cos­mos Bank’s Pune head­quar­ters in Au­gust. Seven peo­ple were ar­rested in the Pune case and cops also sus­pect their in­volve­ment in the Chen­nai case.

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