Mauritius bank SBM says unit’s India operations hit by cyber fraud
04 Oct 2018

Mauritius banking group SBM Holdings said on Wednesday that its Indian operations suffered a cyber fraud earlier in the week, and that the bank has potentially lost up to $14 million.

SBM said that no loss had been caused to customers and that the Indian business operations would continue as normal.

– By Shashwat Awasthi and Arathy S Nair, REUTERS, 3 October 2018.

Link to Reuters.

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