Question-Recently, which of the following Indian Bank faced cyber attack?
(a)Cosmos cooperative bank
(b)Pune cooperative bank
(c)Dena bank
(d)ICICI bank
Answer-(a)
Related facts–
- The National Payments Corporation of India (NPCI) has said the recent incident of cyber attack in Pune-based Cosmos Cooperative Bank, that has caused an over ₹90-crore loss, is due to a malware attack on the bank’s system.
- By cloning debit cards (visa and rupay debit cards) of the bank’s customers, hackers transferred over ₹90 crore out on August 11 and 13, 2018, with the help of Malware.
Malware-
- It is software designed to perform illegal act through the computer network.
- Types of malware–
- Virus – It is a program that infects other programs. It replicates itself and by inserting itself into other programs it corrupts their process.
- Worms- It is a self-replicating malware that duplicates itself to spread in uninfected computers.
- Trojans- Trojan is a program that generally impairs the security of a system.
NPCI–
- It stands for, National Payment Corporation of India. It is an organization for all retail payments system in India.
- It is formed with support of Reserve bank of India and Indian bank’s association (IBA).It has ten promoter banks.
- NPCI has developed an instant real – time payment system called Unified Payments Interface (UPI).
Reference:
https://indianexpress.com/article/cities/pune/cyber-attack-on-pune-based-co-op-bank-rs-94-crore-siphoned-off-by-hackers-5305646/
https://indianexpress.com/article/cities/pune/cyber-attack-on-pune-based-co-op-bank-rs-94-crore-siphoned-off-by-hackers-5305646/