Capillary Technologies receives final forensic audit report on fraud
Capillary Technologies India Limited has received the final forensic audit report from KPMG concerning a cyber-enabled banking fraud incident at a step-down subsidiary. The fraud involved four disputed payments totaling EUR 3,041,169.90 executed between June 26 and July 2, 2026, from Session M Czech Republic s.r.o. The investigation suggests a payment-diversion fraud based on executive and legal-professional impersonation, social engineering, and a lookalike domain, rather than malware or direct account compromise. The report has been forwarded to the Audit Committee and Board of Directors for review and discussion. The company is assessing existing verification and approval processes for high-value transactions.
Key Highlights
- Final forensic audit report received from KPMG.
- Fraud involved EUR 3,041,169.90 in disputed payments.
- Incident attributed to impersonation and social engineering.
- No evidence of malware or direct corporate account compromise found.
- Report to be reviewed by Audit Committee and Board.
Price Impact
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