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State Bank of Mauritius (SBM) Loses Rs 143 Crore in Cyber Fraud

State Bank of Mauritius (SBM) Loses Rs 143 Crore in Cyber Fraud

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  13 Oct 2018 6:32 AM GMT

Mumbai: The State Bank of Mauritius’ (SBM) Mumbai branch has been cheated of nearly Rs 143 crore after unknown fraudsters hacked into its accounts here, an official said on Friday. The incident occurred at the State Bank of Mauritius Nariman Point Branch according to the bank’s complaint with the Mumbai Police Economic Offences Wing (EOW) last week. The State Bank of Mauritius 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 SBM had said in a statement that its India operations had been hit by a cyber fraud with a potential loss of around $14 million. (IANS)

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