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Indian Bank Blames Hackers for Stealing $2M via SWIFT Platform

India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform. The comments come after the small private lender had disclosed it had discovered the three “fraudulent remittances”, which were sent via correspondent banks to accounts in Dubai, Turkey and China.

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Author: Doug Isenberg

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