PUNE, India—Following an FBI warning to financial institutions about an upcoming ATM cash-out scheme, India-based Cosmos Bank disclosed that on Aug. 11 hackers stole nearly $2 million in fraudulent bank transfers and $11.5 million in authorized ATM withdrawals, according to Krebs on Security.
As CUToday.info reported, Krebs last week warned of an impending global attack on ATMs from cyber thieves.
The hack on Cosmos bank spanned two days and involved ATM withdrawals from more than two dozen machines in countries including Canada, Hong Kong and India. Cosmos Bank said the attackers did not access any customer systems, only those pertaining to the bank's operating accounts, Krebs reported.
As CUToday.info reported, the FBI recently warned financial institutions of a worldwide expected ATM cash-out scheme. The agency issued a confidential alert to FIs saying that cybercriminals planned to use cloned cards to withdraw millions of dollars from ATMs around the world.