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NPCI blames Cosmos Bank's 'own IT environment' for Malware attacks

NPCI blames Cosmos Bank's 'own IT environment' for Malware attacks

Wednesday, August 15, 2018, 1:22 PM

The National Payments Council of India (NPCI) on Wednesday blamed the Cosmos Bank's "own IT environment" for the unprecedented cyber loot which left the Pune-based bank poorer by Rs 94.42 crore. In a statement, the NPCI's Head Risk Management, Bharat Panchal, said the NPCI's systems are fully secure and this particular issue has occurred within the (Cosmos Bank's) own IT environment.
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