Data of 35 lakh MobiKwik users available on Dark Web; Company denies claim

By : |March 30, 2021 1

Financial details of almost 35 lakh MobiKwik users is available on the Dark Web for sale, according to independent cybersecurity researcher Elliot Alderson. In February, security researcher Rajshekhar Rajaharia also flagged the same issue, which the company had denied at the time. This time, too, the company has denied the data breach. In his statement though, Bipin Preet Singh, stated that users upload their personal information on other platforms. That is how they could’ve ended up on the dark web. He added that the company conducted a thorough investigation within its servers when Rajshekhar first reported the incident.

This time, French cybersecurity researcher Elliot Alderson tweeted that this was probably, the largest KYC data leak in history. In a tweet (now unavailable), he outlined that the dark web had 8.2 TB worth of database and contained 36,099,759 files up for sale.

According to the reports, the data on the dark web includes personal details like phone numbers and email ID of users. It also includes their Bank account number, PAN, Aadhar and Credit/Debit card details along with Expiry date and CVV. A user even confirmed the presence of his data in the link that Elliot Alderson shared.

The soon-to-go-on-IPO fintech platform, however, denied any breach. It said that its user and company data are completely safe and secure.

The complete statement from MobiKwik

You can read the company statement from its blog, or the following tweet from CEO Bipin Preet Singh.

The matter has repetitively come to light as the company plans to go on an IPO in the coming months. The company had, only last week raised $7.2 million in a funding round. Currently, the company valuation stands at $493 million.

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  1. Dai
    #1 Dai 2 April, 2021, 09:50

    This is an informative post. Got a lot of info and details from here. Thank you for sharing this and looking forward to reading more of your post.

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