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Upstox alert users to change password after data breach; assures funds, securities are safe

Upstox alert users to change password after data breach; assures funds, securities are safe
Upstox has alerted its users of a data breach that took place in company's database. The company assures that the users' funds and securities are safe but advises them to change their account password post the attack.
Sarthak Dogra | April 12, 2021 | Updated 11:48 IST
(Representative Image: AltumCode/ Unsplash)
The company has appointed a leading cyber-security firm to investigate the breach.
It ensures that the user funds and securities are safe.
Upstox, an India-based online trading platform, has notified its customers of a security breach in the firm's database. The breach affected data, including contact and KYC details of Upstox customers. The company, however, assured users that their funds and securities are safe. The Upstox has gained traction among users lately with an ad campaign running during the cricket IPL 2021 season.

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Upstox Alerts Users of Data Breach; Says Funds, Securities Remain Safe

Upstox has alerted customers of a security breach that included contact data and KYC details of customers, but assured users that their funds and securities remain safe.

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Upstox data breach: Upstox alerts users of data breach; says funds, securities remain safe

MUMBAI: After attacking Indian start-ups and unicorns, hackers have now started targeting stock broking firms. Upstox, India’s second largest broking firm in terms of number of active clients, on Sunday said its databases including contact details and KYC may have been breached. The discount brokerage firm said that it upgraded its security systems manifold recently, on the recommendations of a global cyber-security firm against a suspected data breach. It also has assured the clients that their funds and securities are protected and remain safe.
The steps were taken after it received emails claiming unauthorized access into its database. “These claims suggested that some contact data and KYC details may have been compromised from third-party data-warehouse systems,” the retail broking firm said in a statement on its website.

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