E-commerce payment system and financial technology company Paytm has reportedly suffered a massive data breach after a hacker group targeted the company’s PayTM Mall database. The attackers are demanding a ransom in exchange for the data.
Hacker group John Wick is said to be responsible for the Paytm Mall database breach. The malicious group has been known for hacking the database of companies under the guise of helping them fix bugs in the system.
Global cyber intelligence agency Cyble stated that the John Wick hacker group gained unrestricted access to Paytm Mall’s entire production database through a backdoor, which potentially affects all accounts and related information at Paytm Mall.
WeForNews could not independently verify the report.
The volume of data breached is currently unknown. Cyble claims that attackers have demanded 10 ETH, equivalent to USD 4,000.
“According to the messages forwarded to us by our source, the perpetrator claimed the hack happened due to an insider at Paytm Mall. The claims, however, are unverified, but possible. Our sources also forwarded us the messages where the perpetrator also claimed they are receiving the ransom payment from the Paytm mall as well. Leaking data when failing to meet hackers demands is a known technique deployed by various cybercrime groups, including ransomware operators. At this stage, we are unaware that the ransom was paid,” Cyble stated in an official update.
Paytm is yet to make an official statement on the breach.