MobiKwik CEO orders a forensic audit after denying any data leak from its digital wallet
MobiKwikhas been in the eye of a storm in the last few days over an alleged data breach of 3.5 million users. MobiKwik CEOBipin Preet Singh released a statement that said that it will get a third party to conduct a forensic data security audit.
- The leak was exposed by security researcher Rajshekhar Rajaharia and confirmed by French security expert Robert Baptiste, who goes by the name Elliot Alderson.
Indian mobile payments startup Mobikwik has been in the eye of a storm in the last few days over an alleged data breach of 3.5 million users. While Mobikwik has denied the reports continuously, the company’s CEO Bipin Preet Singh released a statement that said that it will get a third party to conduct a forensic data security audit.
View all Offers
View all Offers
Redmi Note 10T 5G (Mint Green, 4GB RAM, 64GB Storage) | Dual5G | 90Hz Adaptive Refresh Rate | MediaTek Dimensity 700 7nm Processor₹ 14499₹ 18999Buy On
Samsung Galaxy M51 (Electric Blue, 6GB RAM, 128GB Storage) 6 Months Free Screen Replacement for Prime₹ 19999₹ 28999Buy On
- 11% OFF
iQOO 7 Legend 5G (Legendary Track Design, 8GB RAM, 128GB Storage) | 3GB Extended RAM | Upto 12 Months No Cost EMI | 6 Months Free Screen Replacement | Extra Rs.3000 Off on Exchange₹ 39990₹ 44990Buy On
- 17% OFF
Samsung Galaxy M21 2021 Edition (Arctic Blue, 4GB RAM, 64GB Storage) | FHD+ sAMOLED | 6 Months Free Screen Replacement for Prime (SM-M215GLBDINS)₹ 11999₹ 14499Buy On
Redmi 9A (Midnight Black, 2GB RAM, 32GB Storage) | 2GHz Octa-Core Helio G25 Processor₹ 6799₹ 8499Buy On
The leak was exposed by security researcher Rajshekhar Rajaharia and confirmed by French security expert Robert Baptiste, who goes by the name Elliot Alderson. The leak has been called one of the biggest data breaches recently in India.
However, Mobikwik said that it undertook a thorough investigation after the breach was initially reported in early March with the help of external security experts and did not find any evidence of a breach. Considering the seriousness of the allegations, it has said it will get a third party to conduct an audit.
“Some users have reported that their data is visible on the darkweb. While we are investigating this, it is entirely possible that any user could have uploaded her/ his information on multiple platforms. Hence, it is incorrect to suggest that the data available on the darkweb has been accessed from MobiKwik or any identified source,” said the company’s statement.
Mobikwik stressed that no misuse of wallet balance, credit card or debit card is possible without the one-time-password (OTP) which goes only to the user’s mobile number.
The allegations against Mobikwik come at a time when the company is headed for an initial public offering (IPO) later this year. According to an Entrackr report, the company had recently raised $7.2 million in a pre-IPO round.
HDFC Bank’s digital services are glitching again despite RBI’s warning and ban on launching new products
Popular on BI
- Nykaa IPO will open today — here is how to apply via bank and apps like Zerodha, Paytm Money
- A CryptoPunk NFT bought for $74 resurfaced after four years and just sold for $2 million
- Best DIY wallpapers to revamp your house
- India's largest car maker loses nearly two thirds of its profit to chip shortage
- New Range Rover: Check out expected price in India, features and other details