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Forensic Audit at cyberattack-hit Cosmos Cooperative Bank nears completion

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Pune (Maharashtra), Aug 24: A forensics audit of dual cyberattacks against Cosmos Cooperative Bank Ltd here is in an advanced stage and the probe team is likely to complete its task soon, official sources said on Friday. The forensics team was appointed by the country’s second oldest and second biggest (in terms of deposits-advances) cooperative bank immediately after a ‘virtual’ loot of Rs 94.42 crore on August 11 and August 13, shocking the country’s banking industry. The tentative report will throw light on the modus operandi deployed by an international gang to carry out the fraud and is likely to be submitted shortly. Cosmos Bank Chairman Milind A. Kale told IANS that the audit is “in an advanced stage”, but declined to elaborate on the ground that it could affect the ongoing police investigations. After the fraud came to light at the 112-year-old bank, Kale told the media that the bank will appoint a professional forensics agency to probe the ‘malware attack’. (IANS)