Sky Gold subsidiary loses ₹10.70 crore in deepfake fraud, shares dip 1.23%
Sky Gold's subsidiary Starmangalsutra lost ~₹10.70 crore after scammers used a deepfake to impersonate a director via a compromised company phone and laptop, triggering unauthorised fund transfers. The firm reported the incident to cyber authorities and says operations are unaffected. Shares fell 1.23% to ₹622.15.
Sky Gold's subsidiary Starmangalsutra lost ~₹10.70 crore in a deepfake fraud where scammers impersonated a director via a compromised company phone and laptop, triggering unauthorised fund transfers. Firm reported to cyber authorities; operations unaffected. Shares fell 1.23%.
Why this matters
The deepfake fraud marks a cybersecurity and financial-controls red flag for Sky Gold, exposing subsidiary Starmangalsutra to unauthorised transfers despite management's claim that core operations remain unaffected.
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