MobiKwik denies information breach of three.5 mn customers amid IPO plans

Digital pockets and funds firm MobiKwik, reportedly planning an preliminary public providing (IPO) round September this yr to boost $200-250 million, on Monday denied claims that delicate information of hundreds of thousands of its customers has been leaked. Impartial cybersecurity researchers have claimed that a database containing KYC particulars of practically three.5 million customers of MobiKwik is up on the market on the Darkish Internet.

First tweeted by unbiased cybersecurity researcher Rajshekhar Rajaharia after which by French researcher Elliot Alderson on Monday, the alleged breach consists of eight.2TB information containing customers’ cellphone numbers, emails, hashed passwords, addresses, financial institution accounts, and card particulars. MobiKwik, nevertheless, vehemently denied any such breach.

“Some media-crazed so-called safety researchers have repeatedly tried to current concocted information wasting your time of our organisation in addition to members of the media,” the corporate mentioned in a press release shared with IANS. “We completely investigated and didn’t discover any safety lapses. Our consumer and firm information is totally protected and safe,” the corporate added. 

Alderson had tweeted: “Most likely the most important KYC information leak in historical past.”

Rajaharia had claimed earlier that “11 crore Indian cardholder’s playing cards’ information together with private particulars and KYC delicate copy (PAN, Aadhaar, and so on) allegedly leaked from the corporate’s server in India”.

In keeping with the researchers, your entire database is offered for 1.5 Bitcoin (practically $84,000) on the Darkish Internet. The studies surfaced as MobiKwik final week raised $7.2 million in a funding spherical previous to the itemizing on the inventory trade, based on regulatory filings with the Ministry of Company Affairs.

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