Hyderabad, Feb. 15 -- Cybercriminals have targeted Megha Engineering & Infrastructures Ltd (MEIL), leading to a significant financial loss of Rs 5.47 crores (approximately €6.6 million).

The incident involved a sophisticated phishing scheme where the attackers altered a single letter in an email address to deceive the company.

On May 10, 2022, MEIL placed an order worth €14.39 lakh with a company in the Netherlands for essential materials, followed by another order of €7.95 lakh on May 17.

Throughout this period, the company made online payments and received confirmation emails from the legitimate supplier.

However, on November 29, 2024, MEIL received an email claiming that due to court orders, their old bank account...