Spandana Sphoorty flags cyber fraud on bank account
In short
Spandana Sphoorty Financial said it faced a cyber fraud incident on November 1. About ₹78 million was moved without permission to multiple beneficiary accounts.
The company said it stopped the affected services, told its bank, asked for the money to be reversed and accounts frozen, and filed a cybercrime complaint. It is not stated whether the money was recovered.
What the reporting says
Spandana Sphoorty Financial reported a cyber fraud incident on November 1 involving unauthorized transactions worth about ₹78 million, according to a publisher summary. The money was transferred to multiple beneficiary accounts, and the company said it stopped affected services, notified its bank, sought reversal and freezing of accounts, and filed a complaint with the National Cyber Crime Reporting Portal. The report does not say whether funds were recovered.
Why it matters
Spandana Sphoorty Financial disclosed a cyber fraud incident on November 1 involving unauthorized transactions of about ₹78 million to multiple beneficiary accounts. The company said it responded by stopping affected services, informing its bank, requesting reversal and account freezing, and filing a complaint with the National Cyber Crime Reporting Portal. The reporting does not state whether any funds were recovered or whether customer services remain affected.