In a major case of corporate cyber fraud, Dr. Reddy’s Laboratories Ltd. has reportedly lost Rs 2.16 crore after hackers impersonated a company executive and diverted funds meant for another firm, according to an FIR filed with the Bengaluru City Cyber Crime Police on November 5.

The complaint, filed by Mahesh Babu K from Group Pharmaceuticals Ltd., said the company was expecting a payment of Rs 2.16 crore from Dr. Reddy’s for goods supplied. However, hackers allegedly intercepted email communications between the two companies and sent a fake message to Dr. Reddy’s finance team on November 3.

The fraudulent email, sent from an address mimicking the official one—‘KKeshav@Grouppharma.in’ instead of ‘kkeshav@grouppharma.in’—instructed the team to transfer the amount to a different Bank of Ba

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