Branch² Intelligence
Deepfake scam hits Sky Gold subsidiary: ₹11 crore loss through unauthorised fund transfers
Key takeaway
Sky Gold subsidiary lost ₹10.70 crore in a deepfake scam via unauthorized fund transfers.
- Step 1Deepfake scam causes ₹10.70 crore unauthorized transfer at Sky Gold subsidiary.
- Step 2Investor confidence drops, leading to share price decline and higher cost of capital for Sky Gold.
- Step 3Indian SMEs face increased cyber insurance premiums and stricter lending criteria from banks.
- Step 4Companies with strong cybersecurity gain competitive advantage as clients and partners reassess risk.
Source: CNBC TV18 (Markets)
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