Technology

Mobikwik Data Breach of Over 10 Crore Users -Company vehemently denies the reports!

Gurugram based Fintech company Mobikwik has been blamed for a data breach for the second time within one month. Data of over 3.5 million users are stated to have been breached or compromised and we tried finding the background of Mobikwik data breach.

Cybersecurity experts have claimed a huge Mobikwik data breach where the  data of Mobikwik users amounting to over 3.5 million users has been made available for sale on the dark web. The data breach was first reported by an independent researcher and was later fortified by the data security experts. However, the company has vehemently denied the allegations and has been blaming the researchers for being “media crazed”

What is this Mobikwik Data Breach all about?

The data breach was first tweeted by the independent security researcher Rajshekhar Rajaharia, and he was later backed by the French Cybersecurity expert Elliot Alderson. The details were further backed by another security expert and researcher Independent researcher Avinash Jain. The claims by Rajaharia have also been backed by the Australian web security researcher Troy Hunt, creator of ‘haveibeenpawned’.

mobikwik data breach
The Hacker News

He and his claims were further backed by the French expert –

What was the quantum of the data that was breached?

According to the reports, the data has been of the size over 8.2 TB and includes the data that belongs to data belonging to millions of its users of MobiKwik.

The details available on the dark web for sale include the details such as

  • Customer names,
  • Hashed passwords,
  • Email addresses,
  • Residential addresses,
  • GPS locations,
  • List of installed apps,
  • Partially-masked credit card numbers,
  • Connected bank accounts and associated account numbers, and
  • Know your customer (KYC) documents of 3.5 million users.

Mobikwik Denies the Data Breach Reports

A Mobikwik has been vehemently denying the reports of any data breach. They put the blame squarely on the independent researcher and called him of being media crazed.

The spokesperson for the Gurugram based Fintech company stated 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.”

Australian Security Expert took MobiKwik immediately to the task. They were fast enough to showcase how MobiKwik is trying to save its face,

Mobikwik even came up with a Tweet from its CEO on 30th March 2021, which claimed that the data breach reports were not genuine.

mobikwik data breach

You can check the actual tweet from CEO Bipin Preet Singh at this link.

The data has been made available for sale on the dark web for payment of 1.5Bitcon (approx. Rs 63,20,535) and has promised to delete all the data after the transfer of the amount.

About the author

Alina Parker

Alina has been working as a journalist for various print-based magazines for around 4 years now. She is the one who initiated newbulletins.com after quitting her day job. She brings together substantial news from the Business industry. However, she likes to cover local US news as well. So, here she writes business and General News headlines. Apart from all these writing and journalism stuff, she is a fitness freak and takes care of her diet and exercise routine quite well. She has two kids: a son and a daughter whom she loves a lot. She spends a lot of time with her family.

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