Excerpt from The Economic Times Article , Published on July 10, 2024
Angel One has firmly denied any fresh data breach incidents and reassured users of enhanced security protocols. The company clarified that the widely reported Angel One security breach actually dates back to April 2023 and was immediately reported to the authorities, including the stock exchange.
The company addressed concerns circulating online and stated that the leaked data mainly consisted of sample information related to delisted companies from 2021. Importantly, the authenticity of the exposed data has not been verified, and no recent breach has occurred. Angel One maintains that there is no compromise of client securities, funds, or trading credentials.
Angel One’s previous breach, acknowledged in an official April 21, 2023 stock exchange filing, involved the exposure of personal data belonging to 7.9 million customers, including names, addresses, contact numbers, and bank account information. Although alarming, the company has taken extensive measures since then to prevent recurrence. These include the rollout of two-factor authentication, upgraded encryption protocols, and regular third-party security audits.
As a leading stock trading platform, Angel One’s swift response reflects the growing need for SEBI data privacy compliance and ISO 27001 for financial firms to protect sensitive information. In light of this Angel One cybersecurity incident, experts are calling for tighter data governance across Indian fintech, particularly in light of increasing threat vectors targeting customer data leaks.
While Angel One shares closed at ₹2,222 (down ₹20.05 or 0.89%), the firm emphasized that it continues to strengthen its infrastructure and maintain full transparency with clients.
The Angel One customer data leak reinforces the urgency for robust compliance frameworks and proactive cybersecurity practices across the financial sector.
To delve deeper into this topic, please read the full article on The Economic Times
