HAL Loses ₹55 Lakh to Cyber Fraud—A Preventable Setback
HAL just lost ₹55 lakh in a cyber fraud because of one small mistake—missing a tiny change in an email address. ONE letter was off, and scammers used it to trick them into transferring money to the wrong account. The fraud was caught only when the real supplier flagged non-payment. (Business Standard, LiveMint)
How many businesses can afford to make this mistake?
Cybercriminals don’t need high-tech hacking—just one careless moment. If this can happen to a company as big as HAL, it can happen to anyone. Here’s what businesses MUST do:
- Stop assuming emails are legit. Always verify sender details and payment instructions separately.
- Train your team. If employees don’t know how to spot scams, they’re a risk to your business.
- Use secure systems. Encrypt financial communications and set up multi-factor authentication.
- Have a response plan. Prevention is always cheaper than a financial loss.
At Akancha Srivastava Foundation (ASF), we work with organizations & individuals to prevent cyber frauds before they happen. Cyber safety isn’t a luxury—it’s a necessity. To protect your business, reach out to us at TeamAkancha@gmail.com.
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