🚀 Business & Startups🇮🇳 India
Capillary Technologies Loses €3 Million to Cyber Fraud
Inc42 Media·Tuesday, 7 July 2026
SaaS company Capillary Technologies disclosed that one of its recently acquired subsidiaries was hit by a cyber-enabled banking fraud worth €3 million (roughly ₹28 crore). The company described the victim as a 'step-down subsidiary', meaning it's a company owned by one of Capillary's subsidiaries. The announcement was made publicly by the listed firm.
Why It Matters
This is a reminder that cyber fraud is a real and growing risk for Indian tech companies, especially after acquisitions when security controls may not yet be fully integrated.
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