HAL loses Rs 55 lakh in cyber fraud after scammers alter email address

Hindustan Aeronautics Limited (HAL), a leading defence and aerospace equipment manufacturer, became a victim of alleged cyber fraud when scammers, pretending to be a US-based company, tricked it into making a payment of Rs 55 lakh.

The fraud was discovered after HAL realised the payment had gone to the wrong account, according to a report by the Mint.