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June 12, 2024

Anand V

Cybersecurity

This article explores the hypothesis that the UCO Bank fraud case, where ₹ 820 Crore was (temporarily) stolen from the bank through glitches in IMPS transactions is a coordinated retail cyber-attack which created money from thin air similar to printing fake currency notes. Background Modern banking is both fractional and digital. Fractional refers to the […]

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