MobiKwik clarifies fraud was due to internal glitch, not cyberattack

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A day after reporting that MobiKwik was hit by a fraud of around Rs 40 crore in Haryana, the fintech company has issued a clarification stating that the incident was triggered by an “isolated technical issue” and not a cybersecurity breach.

The company had first reported the fraud to the stock exchange (NSE), earlier this week. On Thursday, MobiKwik followed it up with an official press release and also updated its clarification on the exchange platform.

According to the company, the glitch occurred between September 11–12 when some failed…



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MobiKwik clarifies fraud was due to internal glitch, not cyberattack


A day after reporting that MobiKwik was hit by a fraud of around Rs 40 crore in Haryana, the fintech company has issued a clarification stating that the incident was triggered by an “isolated technical issue” and not a cybersecurity breach.

The company had first reported the fraud to the stock exchange (NSE), earlier this week. On Thursday, MobiKwik followed it up with an official press release and also updated its clarification on the exchange platform.

According to the company, the glitch occurred between September 11–12 when some failed…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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