Kochi cyber police launch probe as LuLu Group reportedly loses ₹1.64 crore in online fraud
The Kochi cyber police are investigating a ₹1.64 crore online fraud case involving the LuLu Group. Perpetrators impersonated an Italian business partner via email to deceive the company into transferring funds for fake invoices.
Why it matters
This highlights the growing threat of sophisticated business email compromise (BEC) attacks targeting large corporations.
Kochi cyber police launch probe as LuLu Group reportedly loses ₹1.64 crore in online fraud Unidentified people reportedly cheated the group by impersonating representatives of an Italy-based company that has been its long-term business partner. KOCHI The Kochi City cyber crime police have launched an investigation into an alleged online fraud in which LuLu Group was duped of ₹1.64 crore. Unidentified people reportedly cheated the group by impersonating representatives of an Italy-based company that has been its long-term business partner.
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