Paytm Mall suffers large data breach as hackers gain ‘unrestricted access’ into database: Report

E-commerce payment system and financial technology company Paytm has reportedly suffered a big statistics breach after a hacker organization centered the employer’s PayTM Mall database. The attackers are disturbing a ransom in exchange for the statistics.

Hacker organization John Wick is said to be liable for the Paytm Mall database breach. The malicious organization has been known for hacking the database of companies under the guise of assisting them repair bugs in the system.

Global cyber intelligence corporation Cyble said that the John Wick hacker group received unrestricted access to Paytm Mall’s whole production database through a backdoor, which probably impacts all accounts and related data at Paytm Mall. Moneycontrol couldn’t independently verify the report.

The extent of statistics breached is presently unknown. Cyble claims that attackers have demanded 10 ETH, equal to USD 4,000.

“According to the messages forwarded to us by our source, the perpetrator claimed the hack happened due to an insider at Paytm Mall. The claims, however, are unverified, but possible. Our sources also forwarded us the messages where the perpetrator also claimed they are receiving the ransom payment from the Paytm mall as well. Leaking data when failing to meet hackers demands is a known technique deployed by various cybercrime groups, including ransomware operators. At this stage, we are unaware that the ransom was paid,” Cyble stated in an official update.

Paytm Mall spokesperson told Moneycontrol, “We would like to assure that all user, as well as company data, is completely safe and secure. We have noted and investigated the claims of a possible hack and data breach, and these are absolutely false. We invest heavily in our data security, as you would expect. We also have a Bug Bounty program, under which we reward responsible disclosure of any security risks. We extensively work with the security research community and safely resolve security anomalies.”