Boat Data Breach Exposes Personal Information of Over 7.5 Million Users
Amit Gupta-led startup Boat has reportedly witnessed a major data breach incident. The private details of over 7.5 million customers have made their way onto the dark web. This includes sensitive information like names, addresses, phone numbers, email addresses, and customer IDs. As per a report by Forbes, an individual under the name ‘ShopifyGUY’ claimed to have breached the data of boAt Lifestyle, a company known for its audio products and smartwatches. The hacker shared files containing the personal information of customers, totalling 7.5 million entries.
RBI’s action on Kotak Mahindra Bank
The Reserve Bank of India (RBI) directed Kotak Mahindra Bank Limited (KMBL) to cease with immediate effect from onboarding new customers through online and mobile banking channels and issuing fresh credit cards. The reason given by the RBI for such an action is because serious deficiencies and non-compliances in certain specified areas were observed.
As per the RBI’s press release, serious deficiencies and non-compliances were observed in the areas of IT inventory management, user access management, vendor risk management, data security, data leak prevention strategy, business continuity and disaster recovery rigour and drill, etc.
ICICI Bank blocks 17,000 credit cards after data breach
ICICI Bank has blocked 17,000 credit cards after a technical glitch in its mobile banking application ‘iMobile’ led users to complain about being able to view other customers’ card details, including co-branded cards.
In response, ICICI Bank said that about 17,000 new credit cards which were issued in the past few days were “erroneously mapped in our digital channels to wrong users”. These cards constitute about 0.1 per cent of the bank’s credit card portfolio.
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