Spandana Sphoorty reports Rs 7.8 crore cyber fraud, transactions routed to 82 beneficiary accounts
New Delhi, Nov. 2 -- Spandana Sphoorty Financial Ltd has reported a cyber fraud incident involving unauthorised transactions of approximately Rs 7.80 crore from one of its bank accounts, with the funds transferred across 82 beneficiary accounts, the company said in a regulatory filing on Monday.
Spandana Sphoorty said it identified unauthorised transactions debited from one of its bank accounts on November 1, with the amount transferred through multiple transactions to different beneficiary accounts.
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 detai...
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