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MobiKwik clarifies fraud was due to internal glitch, not cyberattack


A day after reporting that MobiKwik was hit by a fraud of around Rs 40 crore in Haryana, the fintech company has issued a clarification stating that the incident was triggered by an “isolated technical issue” and not a cybersecurity breach.

The company had first reported the fraud to the stock exchange (NSE), earlier this week. On Thursday, MobiKwik followed it up with an official press release and also updated its clarification on the exchange platform.

According to the company, the glitch occurred between September 11–12 when some failed…



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