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From Kotak Life Insurance and IDFC First Bank to State Bank of India and Turtlemint, BFSI is under cyberattack
  • From Kotak Life Insurance and IDFC First Bank to State Bank of India and Turtlemint, BFSI is under cyberattack

    18 July 2023

    On July 4, the Clop ransomware group released sensitive data of Kotak Mahindra Life Insurance on the dark web. The files contain details of their clients, unique registration numbers (URN), SAP login credentials, PhonePe records of customers, and data of financial partners and customers such as Capital Small Finance Bank, Hero FinCorp, Ummeed Housing Finance, and more, Rakesh Krishnan, a senior threat analyst at an IT company, told Forbes India.

    There are about 13 different folders, and each contains over eight gigabytes of data. One of them has over 37 megabytes of data. The attackers have put out some parts of the records calling it Part 1. The complete dump is not out yet. The data breach at Kotak Life Insurance is a part of Clop's data theft and extortion campaign against MOVEit Transfer customers, which has apparently compromised hundreds of organisations. The attackers gained unauthorised access to its transfer databases. But it’s still unclear how many victims have paid ransom. The same ransomware group was responsible for stealing the sensitive data of Indiabulls Group in 2020.

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