Pune cyber cell obtains CCTV footage of Cosmos bank ATM transactions for probe
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Pune cyber cell obtains CCTV footage of Cosmos bank ATM transactions for probe

The police official said that Cosmos Bank has in parallel appointed PricewaterhouseCoopers, a multinational professional services network agency, to conduct a forensic audit of the fraud and maintained that the report once complete would be shared with the cybercrime cell for further probe.

pune Updated: Aug 21, 2018 17:05 IST
Nadeem Inamdar
Nadeem Inamdar
Hindustan Times, Pune
pune,cyber,cell
An FIR was lodged against unidentified persons by a bank executive 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. (SANKET WANKHADE/HT PHOTO)

The cyber cell of Pune Police has obtained CCTV footage where the ATM transactions of Cosmos Bank have taken place and will carry out a forensic examination on the same to pinpoint the accused, said Jyotipriya Singh, deputy commissioner of police (economic offences wing and cyber cell). Singh is heading the special investigation team (SIT) into the Rs 94.42 crore cyber robbery at Cosmos Bank. Besides, the cybercrime sleuths have sought logs of all the foreign transactions from Visa payment gateway to probe the massive online fraud.

Singh said, “We will soon obtain the imaging part of the log and some other technical details from the bank and the payment gateway based on which we will carry out our investigation.”

The police official said that Cosmos Bank has in parallel appointed PricewaterhouseCoopers, a multinational professional services network agency, to conduct a forensic audit of the fraud and maintained that the report once complete would be shared with the cybercrime cell for further probe.

Currently, DCP Singh is heading a ten-member team comprising police officials wherein Brijesh Singh, inspector general (cyber), is a part of the SIT formed at the directions of director general of police (DGP). On August 14, Cosmos Bank 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 a bank executive 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.

THE PROBE

The cybercrime cell is focusing probe on the lapses of third-party security system of the bank

Data pertaining to Visa and Rupay cards and accounts in the last nine years has been compromised.

Data of the various cards with Visa and RuPay facilities was compromised.

These cards were issued in the last nine years by the bank

The Swift platform was misused by suspects to transfer money to banks outside the country

The suspects bypassed the online security system to siphon a large sum of money from the bank.

The suspects managed to create a virtual proxy server parallel to the bank’s server

The city cybercrime cell has divided the probe into three parts

The local ATM centres which were used to withdraw cash.

Cybercrime officials have directed the bank to preserve and protect the key log of the malware-infected ATM machines.

Cyber sleuths are focusing on international transactions and have sought their log.

First Published: Aug 21, 2018 17:01 IST