Colin Mc Hugo

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

MobiKwik Suffers Major Breach — KYC Data of 3.5 Million Users Exposed

March 30, 2021

Common Indian cellular funds service MobiKwik on Monday got here underneath fireplace after 8.2 terabytes (TB) of knowledge belonging to hundreds of thousands of its customers started circulating on the darkish internet within the aftermath of a serious information breach that got here to mild earlier this month.

The leaked information contains delicate private data akin to:

  • buyer names,
  • hashed passwords,
  • electronic mail addresses,
  • residential addresses,
  • GPS areas,
  • listing of put in apps,
  • partially-masked bank card numbers,
  • related financial institution accounts and related account numbers,
  • and even know your buyer (KYC) paperwork of three.5 million customers.

Even worse, the leak additionally reveals that MobiKwik doesn’t delete the card information from its servers even after a person has eliminated them, in what’s seemingly a breach of presidency rules.

New tips issued by India’s apex banking establishment, the Reserve Financial institution of India, prohibit on-line retailers, e-commerce web sites, and cost aggregators from storing card particulars of a buyer on-line. The foundations are set to come back into impact beginning July 2021.

As of July 2020, MobiKwik serves 120 million customers and three million retailers throughout the nation.

The info leak web site, which is accessible by way of Tor browser and boasts of 36,099,759 data, got here on-line after the digital pockets firm vehemently denied the incident on March 4 following a report by an unbiased safety researcher Rajshekhar Rajaharia.

“A media-crazed so-called safety researcher has repeatedly during the last week offered concocted information squandering precious time of our group whereas desperately making an attempt to seize media consideration,” MobiKwik tweeted. “We totally investigated his allegations and didn’t discover any safety lapses. The assorted pattern textual content information that he has been showcasing show nothing. Anybody can create such textual content information to falsely harass any firm.”

Nevertheless, multiple users have confirmed on the contrary, discovering their private particulars within the “MobiKwik India information leak” web site, lending credence to the breach.

“By no means *ever* behave like @MobiKwik has on this thread from 25 days in the past,” Troy Hunt, safety researcher and creator of breach notification instrument Have I Been Pwned, said in a tweet, calling out the corporate MobiKwik’s dealing with of the scenario.

Based on sources near the incident, the compromise was initially marketed in a database leaking discussion board on February 24, with a hacker claiming entry to 6TB information from an unnamed Paytm competitor.

Curiously, it seems that after Rajaharia disclosed the leak, outed the corporate’s id, and warned MobiKwik over electronic mail, the agency concurrently took measures to cease the hacker from downloading the info.

“We […] misplaced entry to essential firm servers, not stunning although… Cant obtain something new,” the hacker stated in a discussion board put up a day later, including that partial obtain may need been corrupted.

“We by no means needed any cash anyway, so not unhappy. However one of many largest hacks of KYC ever shit!!! OR SO WE THOUGHT. 🙁 So, I suppose I develop outdated saying I used to hack and shit. Quite than really hacking and shit. Thrilling 1 month although!!!,” the hacker stated, implying that the hack dated again to January, echoing Rajaharia’s tweets from March 4.

However a month later, in a separate itemizing on March 27, the hacker claimed, “we recovered all information and it is up on the market,” providing up what’s alleged to be 8TB of their information for 1.5 bitcoin ($85,684.65).

Nevertheless, in an fascinating flip of occasions, plans to place the info on sale seem to have been suspended till additional discover. “Solely promote this to firm after due verification that we’re coping with firm,” the hacker stated in an replace, implying an extortion scheme.

It is not instantly clear how the menace actor managed to realize unauthorized entry to MobiKwik’s servers, however the hacker stated, “it’s going to be embarrassing for the corporate. story for someother time..” (sic)

The Hacker Information has reached out to MobiKwik, and we are going to replace the story if we obtain a response.

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