Spandana Sphoorty Financial hit by unauthorised transfer of 78 million rupees
About 78 million rupees were transferred without authorisation from the bank account of Indian microfinance company Spandana Sphoorty Financial to 82 recipient accounts. The company suspended the related services, asked its banks to reverse the transactions and freeze the recipient accounts, and reported the matter to cybercrime authorities. The attack route and the amount that can be recovered are under investigation.
Key facts
- Affected organisation
- Spandana Sphoorty Financial
- Incident type
- Hacking & intrusion
- Occurred / detected
- Not confirmed
- Scale of damage
- Unauthorised transfer of about 78 million rupees
- Cause / method
- Not confirmed
- Location
- India
Timeline
- The company disclosed that about 78 million rupees had been transferred from its bank account to 82 accounts without authorisation.
- The company suspended the related services, asked for the transactions to be reversed and the recipient accounts frozen, and reported the matter to cybercrime authorities.
5 related reports
- Spandana Sphoorty flags nearly ₹8 crore cyber fraud; shares slip
- India's Spandana Sphoorty Financial reports cyberattack involving its bank account
- Spandana Sphoorty Financial reports cyberattack involving its bank account
- Spandana Sphoorty reports ₹7.8 crore cyber fraud involving 82 accounts
- Spandana Sphoorty hit by Rs 7.80 crore cyber fraud; money transferred to 82 accounts; stock down over 4%
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.