Angel One's data breach dates back to April 2023, company clarifies

Angel One has denied any fresh data breach and has assured its customers of enhanced protection measures employed by the company. In a clarification issued on Wednesday, the domestic brokerage said that a reported data breach dates back to April 2023 and was promptly reported to the relevant authorities at that time.

"The leaked information primarily consists of sample data and includes details related to delisted companies from 2021," the company statement said, adding that the authenticity of the leaked data has not been validated.

"We wish to assure all our users that no new data breach has occurred. The current issue pertains to an incident in April 2023, which was promptly reported to the relevant authorities. We do not engage in buying data from hackers as it is an illegal activity," the release said quoting its spokesperson.

To further secure its systems, the company has implemented two-factor authentication and other security measures, it said.

Angel further clarified that its customer data was secure and the above incident has no impact on client securities, funds, or credentials.

Angel One's client base stood at 24.72 million in June 2024, marking a 64.2% YoY increase. The company also claimed to have achieved a 96.9% YoY growth in gross client acquisition, onboarding 0.94 million new clients in June 2024.

The personal information of about 7.9 million customers of Mumbai-based stock broking firm Angel One was leaked in a data breach on Tuesday, ET reported. The personally identifiable information (PII) put out by the hacker on a website includes names, addresses, contact numbers and bank account details, this report said, claiming to have seen a copy of the data dump.

On April 21 last year, Angel One had made a stock exchange filing, stating that the company had suffered a data breach.

Angel One shares ended the session at Rs 2,222 on the NSE, down by Rs 20.05 or 0.89% over the Tuesday closing price.

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