Tech

Hacker claims Samco account data stolen in India

A hacker claims to be selling user records associated with Indian online brokerage firm Samco Securities, one of the most widely used platforms offering discount brokerage accounts for the country’s stock exchanges.

The pseudonymous hacker listed Samco’s allegedly stolen data on a known cybercrime forum, which they are selling for an undisclosed amount. TechCrunch received a sample of the allegedly stolen data, which we verified to match customers’ personal data.

The data sample contained the personally identifiable information of more than 3,000 account holders, including each user’s full name, date of birth, mobile phone number, email address, and account number government-issued permanent ID, or PAN ID, of the individual.

When reached for comment, Samco told TechCrunch there were no internal indications or reports of a data breach or leak.

“As a precaution, our cybersecurity team is conducting a comprehensive review to ensure the integrity and security of our systems. We have strict data protection protocols in place and continually monitor our systems for any vulnerabilities or potential breaches. If any issues are discovered during our review, we will take immediate and appropriate action,” Manashvi Thakur, head of compliance at Samco Securities, told TechCrunch in an email.

Founded in March 2015, Samco offers a flat-fee brokerage and investment platform for investing in stocks, futures and options, commodities and currencies.

The company offers trading apps on Android and iOS platforms, with millions of downloads.

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