Spandana Sporti reports a cyber fraud amounting to 7.8 million rupees in the bank account Spandana Sporti reported a cyber fraud that led to unauthorized transactions amounting to 7.8 million rupees. The fraud was discovered on Sunday, prompting immediate action by the microfinance company. A senior official stated that the company has insurance that covers the losses incurred due to the fraud. The services associated with the fraud have been suspended, and investigations are currently underway. The company asked its bank to cancel the transactions and investigate further.