State Bank of Mauritius recovers most of the money siphoned in cyberattack

The State Bank of Mauritius officials have claimed that it has recovered around 90 per cent of the total amount Rs 143 crore which was siphoned off in a major cyber attack which took place ten days back.

While giving an official statement, a spokesperson of the SBM said, "Based on productive and prompt measures, we have managed to recover most of the amount which was lost post the cyberattack. This loss will get further reduced after claiming the insurance and to prevent further damages, necessary measures have been initiated. We are working with relevant authorities to get to the root of the matter and we would also like to assure that no customer account has been impacted and no relevant and crucial data of the bank account holders have been compromised."

"Cyber attacks are a concern to every bank across the globe and as a bank is is our endeavour to ensure system updates on a regular basis." the official added.

On October 05, the banks Nariman Point branch had filed a police complaint with Economic Offences Wing and later cyber crime officers to began investigation of the case in a rigorous manner.

The bank after the attack had traced some suspicious unknown transactions and based on them, the bank got in touch with other authorities and managed to freeze those accounts and so the recovery was made on immediate basis.

After the Cosmos bank in Pune faced the wrath of cyber attack recently, this is the second major cyberattack in Maharashtra.