A major security breach has rattled the Pune branch of Cosmos Bank, after unidentified person/s hacked its server and transferred Rs 94.42 crore to different accounts, later withdrawing the cash in Hong Kong. The breach happened between August 11 and 13, with bank officials finding out about it on the last day and lodging a complaint.

After Punekars panicked on not being able to withdraw cash from ATMs, the bank clarified that ATMs would remain closed for two days, but account holders were not to worry about their money, as it was intact.