The Mumbai branch of the State Bank of Mauritius India, which faced a cyber attack earlier this month, has been able to recover almost all of it, barring ₹19 crore.
The cyber attack took place on October 2 through a fraudulent SWIFT payment at the bank’s branch at Nariman Point, Mumbai.
“Necessary measures have been taken to prevent any further damage. Based on proactive and prompt measures, we have managed to recover most of the lost amount,” said an SBM India spokesperson, adding that the lost amount is limited to ₹19 crore.
This will come down even further after claiming insurance, it further said.
“We are working with the relevant authorities to get to the root of the matter,” it added.