Cyber attack: Blame game is on, but Yes Bank, RPG to sort out hacking issue

Yes BankBSE -1.17 % and RPG Life Sciences (of Harsh Goenka) are blaming each other for the Rs 2.4 crore the company lost due to the second reported hacking of a current account of a corporate. The bank says that it is the responsibility of the account holder to prevent misuse at its end and it (the bank) is responsible only for the back-end which it claims is safe.

Executives from Yes and RPG Life will meet on Monday to settle the issue which has made the corporate world worried about the security of bank accounts.

"The onus of safe-guarding the customer's money lies with the bank," said a spokesman for RPG Group of companies. "The incident is being investigated by the authorities and we are extending all necessary cooperation for a rapid investigation."

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