Co-op banks of India are not the lone victim of hackers, as is clear from a Reuters report. Reuters quotes the German company Fiducia and Gad IT AG that provides IT services online to German cooperative banks said disruption caused recently by hackers is easing.
According to the company, in such cyber attacks hackers flood a network with high volumes of data traffic in order to paralyze it, Recent attacks affected the websites of cooperative banks in the whole of Germany including Berliner Volksbank.
It bears recall that a few years ago the leading UCB of India Cosmos Co-operative Bank also fell victim to hackers. NAFCUB idea of having an Umbrella Organization is precisely to beat the hackers by buying expensive protection for UCBs.