Topic: Atm Fraud

The segment details the 2018 cyber attack on Cosmos Bank, explaining the modus operandi involving fraudulent ATM transactions across multiple countries and SIFT transactions, highlighting the roles of NPCI and Visa in processing ATM transactions and detecting anomalies.

The segment explains ATM skimming and shimming techniques used by fraudsters to steal card data, and how hackers compromise bank systems to approve fraudulent transactions at the memory level, bypassing security measures and bank oversight.