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EOW recovers Rs 4 lakh from 6 Cosmos account holders

Account holders are regular customers and were identified from CCTV footage and ATM machine logs obtained from the bank authorities.

pune Updated: Aug 24, 2018 16:32 IST
Nadeem Inamdar
Nadeem Inamdar
Hindustan Times, Pune
pune,maharashtra,cctv
DCP Singh confirmed to Hindustan Times that the total recovery has been to the tune of Rs 4 lakh from six persons till Thursday.(HT File Photo)

The Economic offences wing (EOW) and cyber cell of Pune police have recovered Rs 4 lakh from six account holders in whose account excess amount was deposited following the malware attack on Cosmos Bank on August 11 and August 13.

According to Jyotipriya Singh, deputy commissioner of police (EOW and cyber cell), the account holders are regular customers and were identified from CCTV footage and ATM machine logs obtained from the bank authorities. DCP Singh confirmed to Hindustan Times that the total recovery has been to the tune of Rs 4 lakh from six persons till Thursday.

On August 14, Cosmos Bank management announced that a multinational hacking ring siphoned off Rs 94.42 crore from the pool account of the Pune-headquartered bank on August 11 and August 13.

Milind Kale, the bank’s chairman, termed the online fraud as an attack on the Indian banking industry from multinational cyber criminals operating from 28 nations.

In the first hit, the bank lost an aggregate of Rs 80.50 crore in multiple ATM swipes in 28 countries, while in the second cyber assault, the hackers siphoned off Rs 13.92 crore via Swift transfers.

An FIR was lodged against unidentified persons by the managing director Suhas Subhash Gokhale (53) under the Indian Penal Code (IPC) Sections 379 (theft), 420 (cheating),120 (B) (conspiracy) and 34 and Sections 43,65,66 (C) and 66 (D) of the Information Technology Act at Chatuhshrungi police station on Monday night.

The Rs 15,000-crore Cosmos Bank is regarded as the country’s second oldest and second largest cooperative bank in terms of deposits and advances. The bank had shut its ATM and online banking operations as a precautionary measure for two days following the cyber strike by unknown hackers.

First Published: Aug 24, 2018 16:19 IST