Has The Paytm Mall Database Been Hacked? Hackers May Have Asked For Ransom In Cryptocurrency

The entire database of online shopping platform Paytm Mall may have been hacked. At least if the details released by cyber risk intelligence platform Cyble are to be believed. Cyble, the US based company, has said that a known cybercrime group with the alias ‘John Wick’ has been able to upload a backdoor on the Mall application or website and gain unrestricted access to the entire database of Paytm Mall. At this time, it is not clear what the extent of this breach is, if at all such an incident has happened. And there is also no clarity on whether this has also impacted the database of financial platform Paytm.

News18 has reached out to Paytm for a statement and will update as soon as we hear from the company. The report also claims that this breach has happened because of a Paytm Mall insider. “According to the messages forwarded to us by the source, the perpetrator claimed the hack happened due to an insider at Paytm Mall. The claims, however, are unverified, but possible. In 2019, the company faced a fraud allegedly caused due to their junior employees,” says Cyble. There is also talk of hackers making ransom demands, but that claim remains unverified—but sources say that the hackers have demanded 10 ETH (Ethereums) which is equivalent to US$4,000. According to the latest conversion figures, 1 ETH is equal to around US$424. Ethereum is a cryptocurrency platform.