Microlender Spandana Sphoorty Financial on Monday disclosed a cyber fraud incident involving unauthorised transactions of Rs 7.80 crore debited from one of its bank accounts on November 1.
The company said the unauthorised transactions of approximately Rs 7.80 crore were transferred to 82 beneficiary accounts, as per an exchange filing.
After identifying the cyber fraud incident, the company immediately stopped the affected services in its production environment.