Paytm Mall Hacked Again? Firm Denies Reports Of Massive Data Breach

Cyber Research and Intelligence group Cybel has claimed that e-commerce wing of Indian Fintech giant Paytm suffered a malicious ransomeware attack from a group of hackers with alias 'John Wick'

RBI instructs HDFC Bank to halt the Digital 2.0 program

In a massive blow to HDFC Bank, the RBI (Reserve Bank of India) has instructed the private lender to temporarily halt its digital business...

One UI 3.0: Here is when you can expect it on your Samsung phone

Samsung’s own custom interface on top of Android, One UI is on the verge of getting a new version 3.0. The company has been...

American labor association files complaint against Google for unlawful treatment to workers

Google terminated the workers on grounds of accessing internal and confidential documents The US-based National Labor Relations Board has now filed a complaint against the...

Twitter now starts labelling tweets on a regular basis involving manipulative media

Tweets that share synthetic and manipulated media are subject to removal under this policy if they are likely to cause harm Social networking giant Twitter...

UK approves Pfizer-BioNTech Covid-19 vaccine

A big relief arrives as UK approves the COVID-19 vaccine developed by Pfizer Inc and its partner BioNTech SE. This makes UK the first...

The entire database of the e-commerce arm of Fintech giant Paytm may have been hacked. According to reports from US based cyber risk intelligence platform Cyble, a hacker group with the alias ‘John Wick’ was able to upload a backdoor on the Mall application or website and gained unrestricted access to the entire database of Paytm Mall.

WireX August Download

According to Cyble, the hacker group lures in companies on the pretext of offering help to fix bugs and malwares. The attackers then demand a ransom in the form of cryptocurrency in exchange for the data. The group’s previous targets include Zee5, SquareYards, Stashfin, Sumo Payroll, and Square Capital, among many others.

Paytm mall hacked again

Cyble revealed that the perpetrator claimed that this breach happened because of a Paytm Mall insider. Sources also revealed that the hackers have demanded 10 Ethereum (ETH) as ransom. Ethereum is a cryptocurrency platform and 1 ETH is currently valued at US$424 approximately.

While the magnitude of the claimed breach cannot be independently verified, Paytm denied this cyber attack and claimed the user data is safe and secure. In 2019, the Paytm group faced a fraud allegedly caused due to their junior employees. 

A Paytm Mall spokesperson said, “We would like to assure that all users, as well as company data, is completely safe and secure. We have noted and investigated the claims of a possible hack and data breach, and these are absolutely false. We invest heavily in our data security, as you would expect. We also have a Bug Bounty program, under which we reward responsible disclosure of any security risks. We extensively work with the security research community and safely resolve security anomalies.

Of late, the Indian startup ecosystem has suffered a massive cyber security breach. Many prominent companies like Zomato, Truecaller and Unacademy have fallen prey to these frequent ransomware attacks.

WireX August Download

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Best Televisions launched in 2020

Buying a television could be a stressful job for anybody. Finding the best brand, best price with some exclusive features and technologies can give...

CAIT urges Finance Minister to address “unholy nexus” between banks, e-commerce

CAIT stated that banks are offering 10% cashback to customers for using their cards online, but the same benefits, offline customers are not getting. The...

Fujifilm X-S10 Mirrorless Camera with In-Body Image Stabilisation Launched in India

Fujifilm adds another camera in its mirrorless camera category by launching Fujifilm X-S10 Mirrorless Digital Camera in India. This camera is a part of...

Related Articles

RBI instructs HDFC Bank to halt the Digital 2.0 program

In a massive blow to HDFC Bank, the RBI (Reserve Bank of India) has instructed the private lender to temporarily halt its digital business...

One UI 3.0: Here is when you can expect it on your Samsung phone

Samsung’s own custom interface on top of Android, One UI is on the verge of getting a new version 3.0. The company has been...

American labor association files complaint against Google for unlawful treatment to workers

Google terminated the workers on grounds of accessing internal and confidential documents The US-based National Labor Relations Board has now filed a complaint against the...