Aditya Birla Capital ABCD App Hit by Cyberattack
In June 2025 a cyberattack on a major fintech app raised questions about security in digital financial services.
Key facts
- Incident: unidentified hacker sold about ₹2 crore worth of digital gold; customers’ holdings were put back.
- App: launched April 2024 with ₹100 crore; over 22 products including gold, insurance, loans and mutual funds.
- Users: 1.2 million by August 2024; goal of 30 million in three years.
Implications
- Shows rising cyber threats to digital finance.
- Stresses audits, encryption, layered authentication and cyber insurance.
Exam angle
- App: ABCD of Aditya Birla Capital.
- Asset hit: digital gold.