Data breaches and information leaking has become a common ground fallacy around the globe, from the Facebook- Cambridge Analytica breach to the recent alleged infringement by MobiKwik in India. The digital wallet company based in India is a bold move to the stream of IPO. The company turned unicorn recently prior to listing its IPO.
The unicorn is alleged of a data breach of 3.5 million users’ Know Your Customer (KYC) documents. The Reserve Bank of India (RBI) asked the company to submit a forensic audit report in response to an RTI (Right to Information) petition filed later.
Moreover, this is not the first time the company has suffered a breach. In February 2021, the fintech suffered a similar breach, exposing the data of 100 million users. In response to the leak, India’s Central...
