Business Standard

State Bank of Mauritius loses Rs 143 cr in cyber fraud

IANS  |  Mumbai 

The State of Mauritius' (SBM) branch has been cheated of nearly Rs 143 crore after unknown fraudsters hacked into its accounts here, an said on Friday.

The incident occurred at the Nariman Point Branch according to the bank's complaint with the Police Economic Offences Wing (EOW) last week.

The said that some unknown persons have hacked into its servers to illegally access various accounts and managed to transfer the monies to multiple accounts outside the country.

The EOW and the Cyber Cell experts are investigating the case and trying to ascertain if it is a malware attack, besides the SBM's own internal probe to find out the involvement of any insider.

On October 2, the had said in a statement that its operations had been hit by a cyber fraud with a potential loss of around $14 million.

However, it assured that no loss has been caused to any customer and that the SBM enjoyed sufficient liquidity for all its future plans.

SBM India, a subsidiary of SBM Holdings, has branches in Mumbai, Chennai, and in

This is the second major cyber attack on a in in the past couple of months.

In two separate cyber-attacks on August 9 and 11, the Cosmos Pvt Ltd, Pune, lost a total of Rs 94.24 crore to an international group of operatives working in tandem in several countries worldwide.

--IANS

qn/mag/in/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 13:26 IST
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