Capillary Technologies Discloses €3 Million Deepfake Banking Fraud at Overseas Subsidiary
New Delhi: Customer loyalty and engagement platform Capillary Technologies has disclosed that one of its recently acquired overseas step-down subsidiaries was targeted in a sophisticated cyber-enabled banking fraud involving advanced deepfake technology. The incident resulted in the fraudulent transfer of approximately €3 million (around ₹32.7 crore) to unauthorized third-party bank accounts. The Bengaluru-based company informed … Read more
