Cyberattacks drain ₹300 crore from smaller NBFCs as 150 complaints emerge

An estimated Rs 300 crore was siphoned from mostly smaller NBFCs in cyberattacks over two months, with nearly 150 complaints filed.
Attacks intensified over six weeks; one Delhi lender lost Rs 7.5 crore, then Rs 7.25 crore days later.
CERT-In warned on 9 and 15 October of attacks using stolen credentials and AI tools, with repeat hits within days.
Attackers reportedly spend 10-12 days studying an NBFC’s payment processes and software before diverting funds.

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