Comments
The Mumbai branch of the State Bank of Mauritius India, which faced a cyber attack earlier this month, has been able to recover almost all of it, barring ₹19 crore.
The cyber attack took place on October 2 through a fraudulent SWIFT payment at the bank’s branch at Nariman Point, Mumbai.
“Necessary measures have been taken to prevent any further damage. Based on proactive and prompt measures, we have managed to recover most of the lost amount,” said an SBM India spokesperson, adding that the lost amount is limited to ₹19 crore.
This will come down even further after claiming insurance, it further said.
“We are working with the relevant authorities to get to the root of the matter,” it added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.