From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Spandana Sphoorty reports Rs 7.8 crore cyber fraud in bank account
What each side is saying
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center · 1 outlet
Following the discovery of the incident, the company immediately stopped the affected services in its production environment and informed the concerned bank, seeking reversal of the transactions, freezing of beneficiary accounts and a detailed investigation.
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right · 2 outlets
Spandana Sphoorty Financial encountered a cyber fraud incident with unauthorized transactions on November 1. The amount involved was approximately 78 million rupees, which was transferred to multiple beneficiary accounts. Upon detection, the company promptly stopped affected services and notified…
RSS excerpt
Spandana Sphoorty reported cyber fraud that led to unauthorized transactions of Rs 7.8 crore. The fraud was discovered on Sunday, prompting immediate action from the microfinance company. A senior official stated that the company has insurance that covers the losses incurred due to the fraud…
