IFSCA bars angel fund from launching new schemes over cybersecurity lapse | Ahmedabad News
Ahmedabad: In a first-of-its-kind regulatory action over a cybersecurity breach in GIFT City, the International Financial Services Centres Authority (IFSCA) directed a GIFT City-registered angel fund to deposit US$ 100,000 into its bank account and barred it from launching new schemes after cybercriminals diverted a startup investment to a fraudulent account.In an ex parte ad…