Did you know that geoFence helps stop hackers from getting access your sensitive documents?
It has recently come to light that Upstox, India’s online share/stock trading website, has suffered a data breach where hackers have stolen sensitive KYC and other personal data of about 25 lakh customers. Upstox alerted the users on Sunday about the data compromise.
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As per the reports, Uptox received emails that claimed unauthorized access to its database along with the breach of its data and KYC details from third-party data-warehouse systems. Upstox Co-founder & CEO Ravi Kumar mentioned in an announcement post, “we would like to assure you that your funds and securities are protected and remain safe. Funds can only be moved to your linked bank accounts and your securities are held with the relevant depositories. As a matter of abundant caution, we have also initiated a secure password reset via OTP”.
He further explained that given the data breach, the company has “fortified” its systems to the highest standards. As part of the security efforts, Upstox has immediately restricted access to the impacted database, added multiple security enhancements at all third party data-warehouses, set up a real-time 24x7 monitoring, and has also additionally ring-fenced the network.
Upstox has also advised customers to keep their data safe by using unique strong passwords (multi-case, alphanumeric, no name fragments) and that is different from older versions, not sharing OTPs with anyone, and staying beware of online fraud.
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“We take your security and privacy very seriously. While we have already reported this incident to the relevant authorities, we deeply regret any inconvenience this may have caused you. Thank you for your continued trust and support,” states Kumar.
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