Sachin Bansal’s Navi Technologies hit by ₹14.26 crore cyber fraud: Here’s what happened

Navi Technologies, the fintech venture led by Flipkart co-founder Sachin Bansal, has fallen victim to a sophisticated cyber fraud amounting to ₹14.26 crore, reported Economic Times.

According to the media report, scammers exploited a system vulnerability in the company’s payment gateway, allowing them to conduct fraudulent transactions over a two-week period in December.