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  1. Union Bank reports cyber breach on offshore account

Union Bank reports cyber breach on offshore account

Union Bank of India Ltd said on Friday one of the bank's offshore accounts was breached in a cyber attack but the money trail was traced and the movement of funds was blocked.

By: | Mumbai | Updated: July 22, 2016 6:12 PM
6) Union Bank of India: Share price of the bank fell 37.55 per cent in 2015."There is no loss caused to the bank," said the bank in a press release, adding that it had informed the authorities and it was taking steps to plug any gaps and strengthen its security systems. (PTI photo) 6) Union Bank of India: Share price of the bank fell 37.55 per cent in 2015.”There is no loss caused to the bank,” said the bank in a press release, adding that it had informed the authorities and it was taking steps to plug any gaps and strengthen its security systems. (PTI photo)

Union Bank of India Ltd said on Friday one of the bank’s offshore accounts was breached in a cyber attack but the money trail was traced and the movement of funds was blocked.

“There is no loss caused to the bank,” said the bank in a press release, adding that it had informed the authorities and it was taking steps to plug any gaps and strengthen its security systems.

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