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Cyber fraud detected at State Bank of Mauritius

Press Trust of India  |  Mumbai 

Unidentified hackers transferred Rs 147 crore from State of to accounts in other commercial banks in London, and earlier this month, police said Friday.

Officials of the Nariman Point branch of the in south had filed a complaint in this regard with the Economic Offences Wing (EOW) of the police here on October 5.

The hackers broke into the bank's systems and transferred Rs 147 crore to four accounts, one each in and and two in New York, a told PTI Friday.

As the banks where the money was being transferred found the transactions suspicious, they alerted State Bank of and the fraud came to light, he said.

Before the transfers could be stopped, Rs 29 crore had been withdrawn, but the remaining amount was recovered by the bank, the said.

The EOW was conducting further probe with the help of the Cyber Cell of police, he added.

The bank had issued a statement after the cyber fraud came to light, saying that it had not caused any loss to its customers.

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

First Published: Fri, October 12 2018. 21:45 IST
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