India’s second largest securities trading brokerage firm in terms of number of registered users, Upstox, has reportedly suffered a major data breach. As per reports, an unidentified number of user’s contact data and KYC has been leaked out on the Dark Web, while the company has assured that users’ funds and securities still stay safe!
A company spokesperson of the retail broking firm has assured users that funds and securities stay untouched while also mentioning that Upstox has initiated multiple security enhancements post this leak. This news comes hot on the heels of other leading organizations like Facebook, LinkedIn, and MobiKwik also admitting data leaks.
“On receipt of e-mails claiming unauthorised access into our database, we have appointed a leading international cyber-security firm to investigate possibilities of breach of some KYC data stored in third-party data warehouse systems. This morning, hackers put up a sample of our data on the dark web,” said the spokesperson of the company via an email statement.
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There was no certainty on the number of users whose data had been leaked out on to the Dark Web but Upstox has claimed to have immediately boosted their security especially at third-party warehouses, real-time 24×7 monitoring and additional ring-fencing of its network. The company with over 3 million users is backed by investors like Tiger Global and Ratan Tata, and is also an official partner of IPL 2021.
Additionally, Upstox has upped its bug bounty programme to encourage ethical hackers to keep testing the platform and letting the company known of any bugs or glitches which could endanger users and data. Upstox co-founder and CEO Ravi Kumar ensured users that all is well and that funds can only be withdrawn on OTP confirmation. Additionally, a password reset has been initiated with all accounts. For more updates, stay tuned to ReadScoops.com…
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