Angel One denies claims of recent data breach

Mumbai-based stock broking firm Angel One has denied recent reports suggesting a new data breach.

The company clarified that the incident in question dates back to April 2023, and was promptly reported to the relevant authorities at that time.

According to Angel One, the leaked information primarily consists of sample data, including details related to delisted companies from 2021. The company emphasised that no new data breach has occurred and that the authenticity of the leaked data has not been validated.

In a statement, Angel One said, "There has been no breach of any data since the incident reported to the stock exchanges on April 21, 2023. The data breach incident referred to in the captioned newspaper article, pertains to the incident of April 20, 2023. As required under Regulation 30 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015 (Listing Regulations), 2015, the company had duly intimated the stock exchanges on April 21, 2023 about the aforesaid breach." 

"We reiterate that the breach of data on April 20, 2023, did not have any impact on client securities, funds, and credentials, and all client accounts are secure as confirmed in the said intimation," it added.

A report by The Economic Times (ET) said personal information of approximately 7.9 million customers of Angel One was leaked in a recent data breach.

The exposed personally identifiable information (PII) includes names, addresses, contact numbers, and bank account details. ET has obtained a copy of the data dump, which was posted on a website by the hacker, it said.

The hacker claimed to have access to the stock holdings of customers and their profit and loss statements, stating that only part of the data has been released so far. A private cybersecurity consultant who accessed the data suggested that it appears to be from around 2023, the report said.

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A stock exchange filing made by Angel One on April 21 last year disclosed that it had suffered a data breach. In the filing, the firm stated, "We are in the process of verifying the veracity of such claims, which suggest that certain client profile data (like name, email, mobile number); and client holding data may have been accessed in an unauthorized manner."

Angel One, India's third-largest stock broking firm with about 6.5 million active traders, reported a total operational revenue of Rs 1,357 crore and a net profit of Rs 339 crore for the fiscal year 2024.

(The article has been updated to include a statement by Angel One)