MobiKwik Data Leak: Wallet App Denies KYC Details Of 11 Cr Users Being Exposed; Know About Controversy

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New Delhi: Digital pockets and funds firm MobiKwik has denied claims of an enormous person information leak that has allegedly uncovered the delicate information of thousands and thousands of its customers.

Cybersecurity researchers have claimed {that a} database containing KYC particulars of almost 3.5 million MobiKwik customers is obtainable on the market on the Dark Web.

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Independent cybersecurity researcher Rajshekhar Rajaharia had tweeted in February that information of “11 Crore Indian Cardholder Including personal details & KYC soft copy(PAN, Aadhar etc) allegedly leaked from a company’s Server in India. 6 TB KYC Data and 350GB compressed mysql dump”.

“Hacker claiming that he was having access in company’s server since Jan 2021 to till today,” he added within the tweet thread.

Restoking the controversy, French researcher who goes by pseudonym Elliot Alderson on Monday shared these claims in a tweet (eliminated by Twitter) the place he wrote, “Probably the largest KYC data leak in history”.

Meanwhile, MobiKwik has vehemently denied the safety breach.

The firm is reiterating its older assertion whereby it contended that “A media-crazed so-called security researcher has repeatedly over the last week presented concocted files wasting precious time of our organization while desperately trying to grab media attention. We thoroughly investigated his allegations and did not find any security lapses”. 

“The various sample text files that he has been showcasing prove nothing. Anyone can create such text files to falsely harass any company,” the corporate had tweeted earlier in March in defence in opposition to the allegations.

“We thoroughly investigated and did not find any security lapses. Our user and company data is completely safe and secure,” MobiKwik assured in a press release shared with information company IANS.

According to researchers, the whole database is obtainable on the Dark Web for 1.5 Bitcoin (almost $84,000).

“Eliot Alderson” once more retweeted a tweet thread by Kiran Jonnalagadda the place allegations of Mobikwik saving card particulars with out permission, having particulars of apps on person’s telephone, location coordinates and so on. have been levelled.

The digital funds firm is mired on this controversy whereas it reportedly plans to launch an preliminary public providing (IPO) round September this yr to boost $200-250 million. How the matter unfolds stays to be seen.





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