Colin Mc Hugo

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Colin Mc Hugo
Security Engineer Manager & CEO at Quantum Infinite Solutions Group Ltd.

Indian Brokerage Firm Upstox Suffers Data Breach Leaking 2.5 Millions Users’ Data

April 12, 2021
upstox data breach

On-line buying and selling and low cost brokerage platform Upstox has turn into the most recent Indian firm to endure a safety breach of its techniques, ensuing within the publicity of delicate info of roughly 2.5 million customers on the darkish net.

The leaked info contains names, electronic mail addresses, dates of delivery, checking account info, and about 56 million know your buyer (KYC) paperwork pulled from the corporate’s server.

The breach was first disclosed by impartial researcher Rajshekhar Rajaharia on April 11. It isn’t instantly clear when the incident occurred.

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Reacting to the event, the corporate, nonetheless, said it had not too long ago upgraded its safety techniques following reviews of “unauthorized entry into our database” whereas stressing that customers’ funds and securities remained protected.

As a precaution, apart from initiating a safe password reset of customers’ accounts, Upstox stated it restricted entry to the impacted database, implying it was a case of a misconfigured AWS server, along with incorporating a number of safety enhancements at its third-party information warehouses and ring-fencing the community. The corporate kept away from specifying the precise variety of shopper accounts which will have been uncovered.

Information of Upstox’s safety breach comes weeks after an India-based digital pockets service MobiKwik handled a significant safety incident after 8.2 terabytes (TB) of information belonging to tens of millions of its customers started circulating on cybercrime boards.

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Different Indian corporations reminiscent of BigBasket, Dunzo, Edureka, Paytm Mall, and Byju’s-owned WhiteHat Jr too have reported information breaches in latest months.

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