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“Our Data Is Safe, No Security Lapses Found” States Paytm In Its Clarification

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Our data is safe, no security lapses found

Paytm Mall Hacking: Our data is not secure, it was confirmed by Saibal of a US-based cyber research firm, that a hacker group together with the alias John had banned Paytm Mall’s database, which is why Paytm Mall’s Data is insecure.

Not only this, the e-commerce unit of payment solutions provider in Delhi, Paytm also confirmed that the data of Paytm mall is not safe due to which there is so much loss. And not only this, even after an investigation by them, no link of security was found.

Our data is safe, no security lapses found" states Paytm in its clarification

A spokesperson of Aadhaar Paytm Mall said that we want to confirm that we are probing all claims of possible hacker and data breach. And with this, we make sure that the data of the company and all the users with them is completely secure. Not only this, but the spokesperson also said that the company invests heavily in data security, due to which there is no need to be worried.

Along with this, the spokesperson also said that the company works with security research on a large post so that no one may be able to restrict the data. And not only this, he said that we fix every security-related anomaly.

It was stated in a blog by Saibal that the actor seems to have gained considerable access to his database. And with this, all the accounts and information related to them are probably affected at the Paytm Mall.

Our data is safe, no security lapses found" states Paytm in its clarification

Saibal, according to his information, said that the hack at the Paytm mall was caused by an insider’s cause although it is untrue.

The offender usually demanded 10 ETH (Ethereum) equal to $ 4,000. Saibal said that it has reached Paytm Mall for information and is waiting to hear back.

Based on the sources, it was also heard that the messages were also forwarded were the culprit also claimed that he received the ransom payment from Paytm Mall. Leaking data when it fails to meet hackers’ demands is a known technology deployed by various cybercrime groups, including ransomware operators. Saibal also said that the company and we are unaware that the ransom was paid. This information is reliable based on sources.