HomeTechMobiKwik denies data breach of 3.5 mn users amid IPO plans

MobiKwik denies data breach of 3.5 mn users amid IPO plans


MobiKwik digital funds

Digital pockets and funds firm MobiKwik, reportedly planning a preliminary public providing (IPO) around September this 12 months to boost $200-250 million, on Monday denied claims that delicate information of thousands and thousands of its customers has been leaked.

Impartial cybersecurity researchers have claimed {that a} database containing KYC particulars of almost 3.5 million customers of MobiKwik is up on the market on the Darkish Internet.

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First tweeted by unbiased cybersecurity researcher Rajshekhar Rajaharia after which by French researcher Elliot Alderson on Monday, the alleged breach contains 8.2TB information containing customers’ cellphone numbers, emails, hashed passwords, addresses, financial institution accounts, and card particulars. MobiKwik, nonetheless, vehemently denied any such breach.

social views MobiKwik

“Some media-crazed so-called safety researchers have repeatedly tried to current concocted records data squandering precious time of our organization in addition to members of the media,” the corporate mentioned in an announcement shared with IANS.

“We completely investigated and didn’t discover any safety lapses. Our person and firm information is totally protected and safe,” the corporate added.

KYC MobiKwik

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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 tender copy (PAN, Aadhaar, and so on) allegedly leaked from the corporate’s server in India”.

In response to the researchers, all the database is out there for 1.5 Bitcoin (almost $84,000) on the Darkish Internet. The experiences surfaced as MobiKwik final week raised $7.2 million in a funding spherical previous to the itemizing on the inventory alternate, based on regulatory filings with the Ministry of Company Affairs.



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