A shocking cyber fraud has been uncovered in Mumbai: a hacker infiltrated the Aditya Birla Capital app, selling over Rs 1.95 crore worth of digital gold through 435 user accounts. The incident highlights the increasing sophistication of cyberattacks in the fintech space, particularly within the BFSI sector… Is digital gold safe? Heck!! is anything safe any more?
I am flabbergasted at the scale… not 1-2, but 435 user a/cs compromised !! whoa!
& here i was moping about the robbery at my home when it was ransacked last year…
- Incident: Unauthorised access to the Aditya Birla Capital app led to massive digital gold sales across hundreds of accounts.
- Context: The BFSI industry has been under growing cyber threat in recent yrs, with AI-driven attacks & social engg tactics on the rise
This exposes vulnerabilities in digital-asset platforms & underscores the urgency for robust cybersecurity: 2FA authentication, constant security updates, employee and customer awareness & zero-trust network strategies.
For more details, read here: Mumbai Shocker: Hacker Breaches Aditya Birla Capital App, Sells ₹1.95 Crore Digital Gold From 435 Accounts In Massive Cyber Fraud