Skip to main content

Paytm Mall Slaps Legal Notice On Cyble Over Data Breach Claims

 




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

Comments

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res