Business Standard

Data breach: No impact on biz ops, says MOSL

- KHUSHBOO TIWARI Mumbai, 19 February

Cybercrime group Lockbit had claimed the attack on MOSL on its dark web site, according to a report by news portal Techcrunch

Clarifying reports of confidenti­al data breach, brokerage house Motilal Oswal Financial Services (MOSL) on Monday said that the cyber security incident did not affect any of its business operations and IT environmen­t.

Ransomware group Lockbit had claimed to have gained access to confidenti­al company data of MOSL, news portal Techcrunch reported last week.

In an email reply to Business Standard ,a spokespers­on of the group said, “We want to assure you that this incident has not affected any of our business operations and IT environmen­t. It is business as usual. We have engaged the best of the best consultant­s to go through our systems and we are confident about our IT security.”

The financial group, which manages over six million clients, said that it had escalated and reported the matter to relevant law enforcemen­t and regulatory authoritie­s immediatel­y.

“In the last week, the company detected a cyber-incident in the form of some malicious activity on a few of the employees’ PCS. Our dedicated IT security team, along with our expert partners, immediatel­y activated its cybersecur­ity incident response process to investigat­e, contain, and remediate the incident in an hour,” said the spokespers­on explaining the incident.

According to the Techcrunch report, cybercrime group Lockbit had claimed the attack on MOSL on its dark web site.

The report says, the Computer Emergency Response Team (CERT-IN) was aware of the incident and in the process of taking action.

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