Scribd Logo
Upload

Welcome to Scribd!

  • Case Study Presentation Data Breach - Largest KYC Data Leak in History

    Uploaded by

    Anushka Mundhra
    18 views15 pages
    Mobikwik suffered one of the largest data breaches in history, with personal information of around 9.9 crore users leaked online. A researcher found that KYC details, addresses, phone numbers and other sensitive information of 3.5 million Mobikwik users was being sold on the dark web. This breach impacted users through loss of income, damage to Mobikwik's brand reputation, and lack of trust from customers. In response, Mobikwik notified users, provided remedies, took accountability, and enabled third party audits to regain user trust and overcome the breach.

    Original Description:

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Mobikwik suffered one of the largest data breaches in history, with personal information of around 9.9 crore users leaked online. A researcher found that KYC details, addresses, phone numbers and other sensitive information of 3.5 million Mobikwik users was being sold on the dark web. This breach impacted users through loss of income, damage to Mobikwik's brand reputation, and lack of trust from customers. In response, Mobikwik notified users, provided remedies, took accountability, and enabled third party audits to regain user trust and overcome the breach.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views15 pages

    Case Study Presentation Data Breach - Largest KYC Data Leak in History

    Uploaded by

    Anushka Mundhra
    Mobikwik suffered one of the largest data breaches in history, with personal information of around 9.9 crore users leaked online. A researcher found that KYC details, addresses, phone numbers and other sensitive information of 3.5 million Mobikwik users was being sold on the dark web. This breach impacted users through loss of income, damage to Mobikwik's brand reputation, and lack of trust from customers. In response, Mobikwik notified users, provided remedies, took accountability, and enabled third party audits to regain user trust and overcome the breach.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 15

    CASE STUDY

    PRESENTATION

    Data Breach - Largest KYC


    Data Leak in History

    SAMARTH GUPTA
    HRD2118330
    Name MobiKwik

    Headquarters Gurgaon

    Origin Country India

    Industry Digital Wallet, Fintech ABOUT


    Founders Bipin Preet Singh, Upasana Taku and Chandan Joshi
    THE
    Founded

    Revenue
    2009

    $39.98 million (Rs 302.25 in FY21)


    COMPANY
    Valuation $1 billion+ (October 2021)

    Total Funding ~ $213.94 Mn (August 2022)

    Parent Organization One MobiKwik Systems Private Limited


    MOBIKWIK
    FINANCIA
    LS

    Source: Economic Times(Reference)


    INDUSTRY
    SCENARIO

    Source : Inc42.in
    COMPETITIORS
    Source : bokureport.com
    ABOUT THE CASE

    One of the worst data breach cases, important information of about 9.9 crore Mobikwik
    users leaked online.

    A cybersecurity researcher claims that the data of 3.5 million Mobiwik users has been sold
    on the dark web.

    The researcher claims that the sensitive information of 3.5 million users has been put on
    the dark web for sale which included KYC details, addresses, phone numbers and others.

    Some users have found their personal data on dark web links circulating on the Internet.
    https://financesonline.com/
    cybersecurity-statistics/
    Impact of Data Breach

    Damage to
    Loss of Lack of trust Reliability
    brand’s
    income of customers loss
    reputation
    WHAT MOBIKWIK HAS DONE FOR ITS
    USERS

    NOTICE TO USERS PROVIDE REMEDIES BE ACCOUNTABLE ENABLING THIRD


    TO USERS PARTY AUDITS
    PORTER 5 FORCES MODEL
    LOW

    WHATSAPP
    POCKETS
    PAYMENTS

    HIGH
    Paytm

    Blockchain HIGH
    PHONE PE

    HIGH

    Credit or Debit Card Net Banking

    Gift Vouchers
    MEASURES TAKEN TO OVERCOME
    DATA BREACH
    FIRST PHASE MARKETING STRATEGY
    09-NovKHATAM KARO ATM
    16-NovBE A PART OF CASHLESS HEALTH CARE
    23-NovMOBIKWIK WALLET RAISED TO RS 20000
    27-NovMOBIKWIK LITE INTRODUCTION-1 MB APP
    SECOND PHASE  

    03-DecTRAINED PEOPLE FOR USING E-WALLET (NATIONAL DISABILITY DAY


    09-DecDRIVE AT DELHI RAILWAY STATION
    21-DecTIE UP WITH AMUL
    24-DecTIE UP WITH PVR,BOOK MY SHOW ETC
    APPROVAL FROM RBI TO SET UP A BHARAT BILL PAYMENT OPERATING
    28-Dec UNIT
    CONCLUSION

    Section 43A of
    Information
    Rule 4 of IT Rule the Information
    TOR browser’s Technology Act
    2011[10] Technology Act
    2000
    2000 [9]
    THANK
    YOU

    You might also like