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MobiKwik Loses INR 1.3 Cr Due To Fraud

  • Fintech company MobiKwik discovers fraudulent activity conducted by an ex-employee.
  • The ex-employee, Gaurav Sharma, siphoned off INR 1.26 Cr by altering merchant details.
  • The company has taken corrective measures and filed a complaint with the police.
  • MobiKwik has implemented measures such as SSO login, restricting access, and establishing separate wallets.

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