SIT formed to probe Cosmos cyber theft
To investigate the recent case of alleged cyber theft of Rs 94.42 crore at Cosmos Bank, the State government on Thursday constituted a special investigation team (SIT) headed by newly-appointed Deputy Commissioner (EOW and Cyber) Jyotipriya Singh.
Pune: To investigate the recent case of alleged cyber theft of Rs 94.42 crore at Cosmos Bank, the State government on Thursday constituted a special investigation team (SIT) headed by newly-appointed Deputy Commissioner (EOW and Cyber) Jyotipriya Singh. The team will have members from the forensic institutions in Hyderabad and also cyber experts from the private sector and the Mumbai police.
The alleged robbery has highlighted the lacunae in the security of banking applications and so, experts in the field of information security have started working on the case along with global support. Earlier on Tuesday, the bank had claimed that the robbery took place in a period of two hours and the funds were withdrawn from 28 different countries. Bank official came to the conclusion based on the transaction logs present with them. According to the bank, a proxy financial switch was used by hackers while execution of the robbery.
IPS officer Brijesh Singh, Head of Maharashtra Police’s cybersecurity, said that while the Pune police will be investigating the case, he would also provide his support along with Mumbai police. Three police officials of the rank of inspectors are also a part of the team.
Pune Police Commissioner K Venkatesham said that the SIT has been constituted under directions from the Director General of Police. “The cyber attack on Cosmos Bank is a challenge before the police and we have started the investigation work. DCP (EOW) Jyotipriya Singh will head the SIT and other cybercrime and forensic experts will assist her in the probe.” Venkatesham said.
DCP Jyotipriya Singh said that the team has already started the investigation and is collecting all minute details of the case.
Cosmos Bank chairman Milind Kale described the cybercrime as an attack on the Indian banking industry from multinational cybercriminals operating from different nations. An FIR was lodged against unidentified persons by bank official Suhas Subhash Gokhale (53) under IPC sections 420 (cheating),120 (B) conspiracy, sections of IT Act at Chatuhshringi police station.
As per the complaint, Rs 78 crore was withdrawn through various ATMs located in 28 countries. Approximately Rs 2.50 crore was withdrawn through 2,800 debit card transactions in India and Rs 13.5 crore was transferred through illegal transactions through a bank in Hong Kong.