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MobiKwik Denies Data Breach of 3.5 Million Users Amid IPO Plans

MobiKwik Denies Data Breach of 3.5 Million Users Amid IPO Plans
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MobiKwik Denies Data Breach of 3.5 Million Users Amid IPO Plans

MobiKwik Denies Data Breach of 3.5 Million Users Amid IPO Plans

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New Delhi: Digital pockets and funds firm MobiKwik, reportedly planning an preliminary public providing (IPO) round September this 12 months to boost $200-250 million, on Monday denied claims that delicate knowledge of tens of millions of its customers has been leaked. Unbiased cyber safety 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. Additionally Learn – Cyber Safety: 45% of Indian On-line Users Hit by Native Threats in 2020

First tweeted by unbiased cyber safety researcher Rajshekhar Rajaharia after which by French researcher Elliot Alderson on Monday, the alleged breach contains 8.2TB knowledge containing customers’ cellphone numbers, emails, hashed passwords, addresses, financial institution accounts and card particulars. MobiKwik, nevertheless, vehemently denied any such breach. Additionally Learn – Data of 10 Crore Indian Cardholders Promoting on Darkish Internet, Claims Researcher; Juspay Confirms 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 totally investigated and didn’t discover any safety lapses. Our consumer and firm knowledge is totally protected and safe,” the corporate added. Additionally Learn – Data of 70 Lakh Indian Debit, Credit score Cardholders Leaked on Darkish Internet

Alderson had tweeted: “In all probability the most important KYC knowledge leak in historical past.”

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

Based on the researchers, the whole database is offered for 1.5 Bitcoin (almost $84,000) on the Darkish Internet. The reviews surfaced as MobiKwik final week raised $7.2 million in a funding spherical previous to the itemizing on the inventory alternate, in accordance with regulatory filings with the Ministry of Company Affairs.

Based on Entrackr, Mobikwik’s post-money valuation at present stands at $493 million with the newest funding spherical.

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