Uncategorized

UPSTOX: NEWEST ENTRANT IN THE LIST OF COMPANIES TO SUFFER DATA BREACH, ALERTS USERS OF IT

Highlights
• The company has alerted all its customers of a security breach that included details like their contact data and KYC details
• A company spokesperson said that as a proactive measure, Upstox has started multiple security enhancements, majorly at the third-party warehouses, real-time 24×7 monitoring and extra ring-fencing of its network

After companies like Facebook and LinkedIn, retail broking firm Upstox has suffered a data breach. The company has alerted all its customers of a security breach that included details like their contact data and KYC details. Fortunately the company has assured users that their funds and securities remain safe.
In an e-mailed statement, a spokesman for Upstox said “On receipt of e-mails claiming unauthorised access into our database, we have appointed a leading international cyber-security firm to investigate possibilities of breach of some KYC data stored in third-party data warehouse systems. This morning, hackers put up a sample of our data on the dark web.”
He further said that as a proactive measure, Upstox has started multiple security enhancements, majorly at the third-party warehouses, real-time 24×7 monitoring and extra ring-fencing of its network.
The Upstox spokesperson also said that “As a matter of abundant caution, we have also initiated a secure password reset via OTP for all Upstox users. Upstox takes customer security extremely seriously. Funds and securities of all Upstox customers are protected and remain safe. We have also duly reported this incident to the relevant authorities and we don’t know with certainty the number of customers whose data has been exposed.”

Comment here