Indian Stock-Trading Platform Upstox Suffers Data Breach; Resets User Passwords

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Here is another data breach in the Indian stock trading platform Upstox. Recently, there have been a lot of data hacking on different platforms ranging from Facebook, clubhouse, and LinkedIn. Now the well-known trading platform in India ‘Upstox’ suffered a great loss of about 25 lakhs of Upstox users by hackers.

Indian Stock-Trading Platform Upstox Suffers Data Breach

The Ratan Tata-backed Indian firm confirmed the breach and called for attention to its users via an official post on the website. in the post, CEO Ravi Kumar states that after they received emails about unauthorized access to their database, they have upgraded their security system to the highest standards based on the recommendations of a global security firm.

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“We brought in the expertise of this globally renowned firm after we received emails claiming unauthorized access into our database,” wrote Kumar in the post.

Kumar says that some of the contact data and KYC details may have been compromised from the third party warehouse system which may have led to the data breach

The company, fortunately, is assuming full responsibility to ensure the assets and protections of its clients. Also, Kumar states that assets must be moved to a client’s connected ledgers and their protections are securely held with “relevant depositories” Besides, the team has additionally started another password reset-through OTP system for clients as a stage for “abundant caution’’

Upstox additionally asserts that it has effectively educated the pertinent specialists to additionally explore the circumstance.

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Along these lines, in the event that you are using Upstox to trade on the stock market, we recommend you reset your password and find the important ways to forestall computerized tricks.

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