KYC data | Breaking Cybersecurity News | The Hacker News

Popular Indian mobile payments service MobiKwik on Monday came under fire after 8.2 terabytes (TB) of data belonging to millions of its users began circulating on the dark web in the aftermath of a major data breach that came to light earlier this month. The leaked data includes sensitive personal information such as: customer names, hashed passwords, email addresses, residential addresses, GPS locations, list of installed apps, partially-masked credit card numbers, connected bank accounts and associated account numbers, and know your customer (KYC) documents of 3.5 million users. Even worse, the leak also shows that MobiKwik does not  delete the card information  from its servers even after a user has removed them, in what's likely a breach of government regulations. New guidelines issued by India's apex banking institution, the Reserve Bank of India,  prohibit  online merchants, e-commerce websites, and payment aggregators from storing card details of a customer online.

As suspected, the KYC details of thousands of Binance's customers that hackers obtained and leaked online earlier this month came from the company's third-party vendor, Malta-based cryptocurrency exchange Binance confirmed. For those unaware, Binance, the world's largest cryptocurrency exchange by volume, hit by a " Potential KYC leak " earlier this month, with an unknown hacker distributing the Know Your Customer (KYC) images of hundreds of its users online and to media outlets. Before leaking the KYC images online, the alleged hacker threatened the exchange to release KYC data of its 10,000 customers if the company did not pay 300 Bitcoins—equivalent to over $3 million at today's exchange value. While Binance CEO Changpeng Zhao called the incident a fud (fear, uncertainty, doubt), the exchange recently confirmed that some of the leaked images match actual accounts though others show evidence of manipulation. According to an official blog post , t

To minimize the risk of privilege misuse, a trend in the privileged access management (PAM) solution market involves implementing just-in-time (JIT) privileged access. This approach to  privileged identity management  aims to mitigate the risks associated with prolonged high-level access by granting privileges temporarily and only when necessary, rather than providing users with continuous high-level privileges. By adopting this strategy, organizations can enhance security, minimize the window of opportunity for potential attackers and ensure that users access privileged resources only when necessary.  What is JIT and why is it important?   JIT privileged access provisioning  involves granting privileged access to users on a temporary basis, aligning with the concept of least privilege. This principle provides users with only the minimum level of access required to perform their tasks, and only for the amount of time required to do so. One of the key advantages of JIT provisioning