No security lapse found in Paytm mall, Paytm confirms data is safe

Several reports yesterday claimed that user data for Paytm Mall had been hacked and the hackers were demanding a ransom. Today Paytm confirmed that they have not found any security lapses or hints of a possible hack or data breach, which may have compromised the user data.

“We would like to assure that all user, as well as company data, is completely safe and secure. We invest heavily in our data security, as you would expect. We have been investigating the claims of a possible hack and data breach, and haven’t found any security lapses yet,” says a Paytm spokesperson shared by news 18.

The back story

In a report yesterday, It is said that The entire database of online shopping platforms Paytm Mall may have been hacked. Cybele, the US-based company, has said that a known cybercrime group with the alias ‘John Wick’ has been able to upload a backdoor on the Mall application or website and gain unrestricted access to the entire database of Paytm Mall.

In a statement Today, Paytm says the no security lapse was found and the data of users is completely safe. For more updates stay tuned to our vinron blog

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