Cyber fraudsters could withdraw only ₹30 crore from State Bank of Mauritius

[15th Oct, 2018] 

Cyber fraudsters who siphoned off Rs 147 crore from the Nariman Point branch of State Bank of Mauritius managed to withdraw only about Rs 30 crore from two accounts in foreign banks before the banks blocked the accounts. Investigations have revealed the accused hacked into the bank’s server on October 1 and transferred money online to accounts in four different banks in London, Paris and New York. According to the investigation report, the fraudsters had transferred Rs 3 crore to a bank in Paris, Rs 4.84 crore to a London bank and Rs 125 crore and Rs 14 crore to two banks in New York. State Bank of Mauritius officials immediately requested the foreign banks to block the accounts. However, by that time, the accused had withdrawn Rs 29.81 crore.

State Bank of Mauritius has got more than Rs 65 crore back from the foreign banks, and the remaining money is expected to be transferred soon too.

Cyber Security Tips:

  • Bank customers are strongly recommended that keep monitoring their accounts for fraudster activities and reset their banking passwords.

 

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