How did hackers manage to rob â¹94 crore from Pune's Cosmos Bank?
The hackers who stole â¹94 crore from Pune's Cosmos Bank between August 11 and August 13, cloned Visa and RuPay debit cards by hacking the bank's switch server. The fake switch server approved 12,000 transactions worth over â¹78 crore in 28 countries on August 11. On August 13, nearly â¹14.42 crore was transferred to Hong Kong through a SWIFT transaction.