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NPCI says Cosmos Bank attack within the bank’s system

The National Payments Corporation of India (NPCI) said the cyber recent incident of cyber attack in Cosmos Cooperative Bank is the result of a malware attack on the bank’s system. The bank sustained a loss of over Rs 900 million following hackers attacking the bank’s system on 11 and 13 August cloning debit cards of the customers of the bank. The transactions were carried through ATMs in 28 countries, including Canada, Hong Kong and India. Visa and RuPay debit cards were cloned. NPCI said the attack occurred within the bank’s IT environment and that its systems were totally safe and secure. Many of the banks in the country still use Windows XP and similar unsupported software to run their ATMs and the RBI had directed the banks to upgrade their systems to be able to counter attacks of the sort that happened in Cosmos Bank. At least 30% of the 2.2 lakh ATMs across the country are said to be still using unsupported software.

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