Breaches and incidents
Spandana Sphoorty Financial (India): about Rs 7.8 crore moved out of a company bank account
The microfinance NBFC disclosed on 2 Nov 2026 that about Rs 7.8 crore was transferred from one of its bank accounts to multiple beneficiary accounts on 1...
- Disclosed
- Verification
- Reported by a reputable outlet, citing the company
What happened
- The microfinance NBFC disclosed on 2 Nov 2026 that about Rs 7.8 crore was transferred from one of its bank accounts to multiple beneficiary accounts on 1 Nov 2026 (The420.in). The bank was not named.
- Root cause: not disclosed. The report says the available information does not establish the cause or any security weakness.
- Attacker: unidentified; no group named.
- Response: the company stopped the affected services, asked the bank to reverse the transfers, freeze the beneficiary accounts and investigate, and filed a complaint on the National Cyber Crime Reporting Portal. No recovery or suspects confirmed.