Rebutting media reports that Flipkart chief executive Binny Bansal's email account has been hacked, the e-retailer on Friday said it was spoofed but not hacked.
"We would like to clarify it is not a case of hacking. Flipkart's corporate email system leverages the highest standards of security including but not limited to two-factor authentication," it said in a statement.
A spoofed email does not originate from the real source but from a different source, falsifying the name and address with an ulterior motive.
A leading newspaper on Friday reported that Bansal's email account was hacked and two emails were sent in his name to Flipkart's chief financial officer Sanjay Baweja on 1 March at 11.33 am, directing him to transfer $80,000 (roughly Rs52 lakhs).
The company said it filed a police report complaining on the matter.
"We have filed a case of email spoofing which involves use of a forged email header to make it look like a legitimate email. This case of email spoofing was immediately detected and a report was filed with police," the statement added.