Angel One Denies Any New Data Leak After Report Claims 7.9 Mn Users Affected

Listed stockbroking firm Angel One has denied any new data leak and also assured users of its integrity after a news report claimed that personal data of at least 7.9 Mn customers was breached on Tuesday (July 9).

“There has been no breach of any data since the incident reported to the stock exchanges on April 21, 2023. The data breach incident referred to in the captioned newspaper article, pertains to the incident of April 20, 2023,” the Mumbai-based company said in an exchange filing on Wednesday (July 10).

As per ET’s report, Angel One’s breach includes critical data like names and addresses which pertains to personally identifiable information put out by the hacker and also sensitive data, including profit and loss bank statements of the website’s users.

The company also confirmed that its app is 2 Factor authentication enabled and no private data of the clients are stored.

This comes at a time when Angel One is currently in the final leg of setting up an asset management company (AMC), following which the company will launch a passive mutual fund. 

Several cases of data breach are on the rise in recent times.

For instance, last month state-owned telecommunications company Bharat Sanchar Nigam Limited (BSNL) reportedly suffered a data breach which involved critical data, including international mobile subscriber identity (IMSI) numbers, SIM card information, home location register details, DP card data and even snapshots of BSNL’s SOLARIS servers. 

 With increasing digitisation, there has also been a rise in cybercrimes in the country. The Centre is taking various measures to curb this surge in cybercrimes and financial frauds. 

The Ministry of Home Affairs’ cyber crime unit launched the ‘Pratibimb’ app last month, aiding law enforcement in real-time tracking of cyber criminals. 

Additionally, the Department of Telecommunications introduced the Digital Intelligence Platform for real-time information sharing among stakeholders, and the Chakshu portal for reporting fraud communications.

Besides, many new startups are emerging to tackle cybersecurity challenges, recognising the increasing importance of safeguarding digital assets in today’s interconnected world.

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