Mumbai-based stock broking firm has denied recent reports suggesting a new data breach.
The company clarified that the incident in question dates back to April 2023 and was promptly reported to the relevant authorities at that time.
According to Angel One, the leaked information primarily consists of sample data, including details related to delisted companies from 2021. The company emphasized that no new data breach has occurred and that the authenticity of the leaked data has not been validated.
“We wish to assure all our users that no new data breach has occurred. The current issue pertains to an incident in April 2023, which was promptly reported to the relevant authorities. We do not engage in buying data from hackers as it is an illegal activity,” A spokesperson for Angel One stated.
“To further secure our systems, we have implemented two-factor authentication and other security measures. We confirm that Angel One’s customer data is secure, and this incident has no impact on client securities, funds, or credentials. All client accounts remain safe,” the spokesperson added.
However, according to a report by The Economic Times (ET), the personal information of approximately 7.9 million customers of Angel One was leaked in a recent data breach.
The exposed personally identifiable information (PII) includes names, addresses, contact numbers, and bank account details. ET has obtained a copy of the data dump, which was posted on a website by the hacker, it said.
The hacker claimed to have access to the stock holdings of customers and their profit and loss statements, stating that only part of the data has been released so far. A private cybersecurity consultant who accessed the data suggested that it appears to be from around 2023, the report said.
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A stock exchange filing made by Angel One on April 21 last year, disclosed that it had suffered a data breach. In the filing, the firm stated, “We are in the process of verifying the veracity of such claims, which suggest that certain client profile data (like name, email, mobile number); and client holding data may have been accessed in an unauthorized manner.”
Angel One, India’s third-largest stock broking firm with about 6.5 million active traders, reported a total operational revenue of Rs 1,357 crore and a net profit of Rs 339 crore for the fiscal year 2024.
Edited by Jyoti Narayan
