City Union Bank

City Union Bank is a banking institution headquartered in India. As a bank, it provides core financial services such as accepting deposits, extending credit, and facilitating payments. The institution operates within the Indian banking sector and serves customers across the country. Its primary market is domestic, reflecting its headquarters location and regulatory environment. The bank is identified also by the alias Indias City Union Bank. No further details about its size, subscriber base, or international footprint are provided in the source material.

On February 18, 2018, City Union Bank experienced a cyber attack that targeted its SWIFT messaging system. The attack involved unauthorized transfer instructions totaling nearly two million US dollars. Funds were directed to accounts located in Dubai, Turkey, and China. The bank succeeded in blocking one transfer of five hundred thousand dollars destined for Dubai. A Turkish financial institution prevented a transaction of three hundred thousand euros. A third transfer of approximately one million dollars to China was not recovered. The bank’s chief executive officer attributed the breach to international cyber criminals and noted possible collusion by external account holders, while stating that no internal staff were initially suspected. In response, City Union Bank cooperated with law‑enforcement and regulatory authorities in the affected jurisdictions. Following the incident, the bank enhanced its internal monitoring and security controls to mitigate future risks. The event occurred during a period of heightened global attention to SWIFT security after several similar breaches at other banks.