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No security lapses found , says Paytm mall

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The payment solution provider company paytm , Paytm mall has said on Sunday that there has been no security lapses found in the working , as the investigation shows a possibility of data hack and data breach.

“We would like to assure that all user, as well as company data, is completely safe and secure… We have been investigating the claims of a possible hack and data breach, and haven’t found any security lapses yet,” a Paytm Mall spokesperson said in a statement.

“We extensively work with the security research community and safely resolve security anomalies,” the spokesperson said.

“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 said.

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