Breaches and incidents
Latteys Industries (India): “Boss scam” impersonating the MD moves Rs 80 lakh
The Ahmedabad pump maker said fraudulent instructions from someone impersonating the Managing Director reached the Company Secretary, and Rs 80,00,000 was...
- Disclosed
- Verification
- Checked against a primary source
What happened
- The Ahmedabad pump maker said fraudulent instructions from someone impersonating the Managing Director reached the Company Secretary, and Rs 80,00,000 was transferred from the company’s account on 26 Oct 2026; nothing recovered as of the 28 Oct filing.
- Root cause: executive impersonation social engineering; channel not stated.
- Attacker: unidentified.
- Response: Cyber Crime police complaint (acknowledgement 31110260261781), bank recall request, internal review.