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Startups

India tech startups urged to boost data security after breaches

Mobikwik hack reveals vulnerabilities, spurring central bank to tighten rules

Information on about 3.5 million users of Indian fintech startup Mobikwik appears to be for sale on the internet, shocking India due to the sensitive nature of the information. (Photo by Ken Kobayashi)

MUMBAI -- Indian tech startups, including one of India's leading fintech startups, Mobikwik, and business-to-business platform Bizongo, have come under fire due to recurring data breaches over the last few weeks, prompting calls for tighter data security laws and more investment in cybersecurity.

Last week, Bizongo reported a hack that exposed 2.5 million customer files, while hackers also breached security systems at stock brokerage Upstox and stole data on 2.5 million customers.

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