- An amount of Rs 12 crore was transferred from funds of Andhra Pradesh Mahesh Co-op Urban Bank by hackers to various other bank accounts by hacking the server of the AP Mahesh Co-op Urban Bank.
- The amount was not siphoned from the accounts of the customers rather it was transferred from the funds of the bank. Further, the bank’s funds are insured against cyber attacks.
- The head office of AP Mahesh Co-op Urban Bank is located at Hyderabad, Telangana.
Points to remember:
- Hackers had transferred Rs 12 crore from which bank?- Andhra Pradesh Mahesh Co-op Urban Bank
Source: economic times