Question

A rogue employee in a bank's digital operations team exploits an unpatched API vulnerability in the Core Banking System (CB

  • S to trigger credit disbursements directly to offshore mule accounts without securing valid loan sanction approvals or borrower consent. What is the precise classification of this cyber credit fraud?
A Unauthorized Digital Disbursement
B OTP Compromise
C Online Loan App Fraud
D Synthetic Identity Fraud
E Phishing
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