<p>A court in Maharashtra's Pune district has convicted 11 people in the Cosmos Bank cyber fraud case, in which hackers siphoned off more than Rs 94 crore through a malware attack over a period of two days in 2018, police said on Sunday.</p>.<p>The judicial magistrate (first class) on Saturday sentenced nine of the accused to four years' imprisonment and two others to three years and imposed a fine on them, an official said. The accused were convicted of charges under relevant provisions of the Indian Penal Code and the Information Technology Act, he said.</p>.<p><strong>Also Read |<a href="https://www.deccanherald.com/state/ed-files-prosecution-plaint-in-amanath-bank-fraud-case-1205859.html" target="_blank"> ED files prosecution plaint in Amanath Bank fraud case</a></strong></p>.<p>At least 18 persons were arrested from different parts of the country in connection with the fraud that was executed over a period of two days in August 2018. As per the case details, hackers stole information of rhe Cosmos Bank's VISA and RuPay card customers through a malware, attacked the SWIFT system (a vast messaging network banks used by financial institutions) and siphoned off more than Rs 94 crore on August 11 and 13, 2018.</p>.<p>The hackers had attacked the banks' ATM switch server and withdrawn Rs 78 crore from various ATMs in 28 countries and another Rs 2.5 crore was taken out within India.</p>.<p>In another attack on August 13, the hackers again fraudulently transferred Rs 13.92 crore to a Hong Kong-based bank using the proxy SWIFT system. Out of Rs 13.92 crore, the police managed to recover Rs 5.72 crore, it was stated.</p>
<p>A court in Maharashtra's Pune district has convicted 11 people in the Cosmos Bank cyber fraud case, in which hackers siphoned off more than Rs 94 crore through a malware attack over a period of two days in 2018, police said on Sunday.</p>.<p>The judicial magistrate (first class) on Saturday sentenced nine of the accused to four years' imprisonment and two others to three years and imposed a fine on them, an official said. The accused were convicted of charges under relevant provisions of the Indian Penal Code and the Information Technology Act, he said.</p>.<p><strong>Also Read |<a href="https://www.deccanherald.com/state/ed-files-prosecution-plaint-in-amanath-bank-fraud-case-1205859.html" target="_blank"> ED files prosecution plaint in Amanath Bank fraud case</a></strong></p>.<p>At least 18 persons were arrested from different parts of the country in connection with the fraud that was executed over a period of two days in August 2018. As per the case details, hackers stole information of rhe Cosmos Bank's VISA and RuPay card customers through a malware, attacked the SWIFT system (a vast messaging network banks used by financial institutions) and siphoned off more than Rs 94 crore on August 11 and 13, 2018.</p>.<p>The hackers had attacked the banks' ATM switch server and withdrawn Rs 78 crore from various ATMs in 28 countries and another Rs 2.5 crore was taken out within India.</p>.<p>In another attack on August 13, the hackers again fraudulently transferred Rs 13.92 crore to a Hong Kong-based bank using the proxy SWIFT system. Out of Rs 13.92 crore, the police managed to recover Rs 5.72 crore, it was stated.</p>