Pune Cosmos Bank cyberattack: UNSC names North Korea

Pune Cosmos Bank cyberattack: UNSC names North Korea

Staff ReporterUpdated: Wednesday, May 29, 2019, 12:33 AM IST
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Mumbai: According to a recent report published by UNSC experts related to a cyber­attack on Pune-based Cosmos Bank in August last year, they have alleged the Demo­cratic People’s Republic of Korea (DPRK) was behind the attack.

The report examined and analy­s­ed deatils about the implementa­tion of the UN sanctions on the North for its nuke programme, focussing incidents of non-compli­ance.

“The Panel notes a trend in the Democratic People’s Republic of Korea’s evasion of financial sa­n­­cti­ons of using cyber attacks to illegally force the transfer of funds from financial institutions and cry­ptocurrency exchanges,” it reads. The Pune police seized Rs8 lakh from people who withdrew money from ATMs and has nab­b­ed 12 persons—money mule- from various cities.

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