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India’s Cosmos Bank loses $13.5 mln in cyber attack

by
August 16, 2018
OODA Loop
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Cyber thieves stole $13.5 million by using malware to withdraw cash in 14,849 transactions in 28 countries, all within 2 hours. The malware attack redirected payments to a proxy switching system responsible for processing payment requests. This proxy approved the fraudulent requests. Police are pursuing the matter, but with little