Kochi-based cybersecurity and big data startup, Technisanct, has disclosed ‘serious data breach’ in a trading platform in India. Information of over 3.4 million customers were compromised, according to a statement from the cybersecurity startup. Personal Identifiable Information (PII) which includes name, customer ID, contact number, email ID, trade login ID, branch ID, city and country were leaked. The security breach was identified by Technisanct’s digital risk monitoring tool ‘Integrite’.
The data of the customers has been kept for sale on a data-sharing platform for 8 of their credits. The information was published on June 15 and the incident was reported to CERT by Technisanct.
“These incidents would surely increase the chance of potential financial frauds among Indians. The details in the database could be used by cyber criminals to target the victims of breach through various scams via online and phone. The lack of data security authority in India has resulted in a massive increase in the number of such cases. Even while breaches are identified, non-existence of a regulatory body paves way to repeated breaches with the same brand”, said Nandakishore Harikumar, founder and CEO of Technisanct.