Paytm Mall has sent a legal notice threatening to
initiate defamation proceedings against cybersecurity startup Cyble Inc for a report that the US-based firm
published last month about an alleged cybersecurity breach of its database.
The ‘seize and desist’ notice gives Cyble seven
days to make public clarifications regarding the report, which Paytm claims is false.
Lack of compliance will result in criminal and
civil suits, according the document issued on September 4, of which ET has seen
a copy.
“…you have attempted to prey on the reputation
of our company by feeding counterfactual and fallacious information to the
innocent public who are vulnerable to misinformation,” the document said.
Cyble told ET that it had received Paytm Mall’s
notice related to its blog post about the security breach.
“In this regard, Cyble states that the said
notice is under review and a suitable reply shall be given to Paytm Mall
placing on record all the relevant facts and its stand,” a spokesperson for the
cybersecurity firm said in an email.
Paytm Mall contends that Cyble did not conduct due diligence in
verifying facts and had committed slander and intentional misinformation.
The cybersecurity research firm, which specialises in detection, analysis, and
research of security protocols across the Indian cyber landscape, last month
released a report alleging “massive” breach of Paytm Mall’s database.
According to the firm, hackers’ group John Wick — which hacks databases of
companies under the guise of offering help to fix bugs — was behind the alleged
breach.
Paytm denied the incident at the time.
Sandip Ginodia , CEO
ALTIUS INVESTECH PVT LTD
We deal in over 60 unlisted companies with 15 years of experience
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .
Email : ginodiasandip1@gmail.com
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