Cosmos Bank’s Internet Banking service started after three weeks
The Cosmos Co-operative Bank’s Internet Banking service, which was shocked by the Rs 94-crore cyber robbery, has finally been operational after three weeks. The bank has appealed to the account holders to change their username and password in terms of security for the use of this service. The bank’s ATM service, however, has not been implemented yet.
The cyber loot of 94 crores 42 lakhs shocked the city on August 14. In addition to the banking circles, there was a big setback for the account holders. According to the instructions of the police and other authorities, the Bank had shut down its Internet banking facility and ATM service completely to avoid further risks. Pune Police has established a special police squad for the investigation of this case. The investigation is underway. The bank has made necessary corrections and changes in its servers and other systems. However, it was necessary for the bank to scrutinize it and get recognition from the police. After getting recognition from the police, the Bank has announced the Internet Banking facility on Thursday. The bank appealed to users that ‘Internet banking service has started. As a precautionary measure, the accountants should change their username and password and make transactions only after.