Data Breach at Zomato

May 20th, 2017 by admin Leave a reply »

Zomato is the restaurant search portal which has more than 120 million users per month. The team of the company recently found that approximately 17 million user IDs, names, user names, email addresses and hashed passwords were unauthorizedly accessed.

”We hash passwords with a one-way hashing algorithm, with multiple hashing iterations and individual salt per password,” the company stated. “This means your password cannot be easily converted back to plain text. We however strongly advise you to change your pasword for any other services where you are using the same password.”

Zomato mentioned that the passwords of the affected accounts have been reset. Also, the database which contained payment information was not affected. It also mentioned that the hacker has agreed to stop sale of the data.

“The marketplace link which was being used to sell the data on the dark Web is no longer available,” the company said.

Hacker wanted company to start bug bounty program which got positive response. Hacker also gave information the way of hacking a present Zomato database. It will be made public when loopholes are closed.

“Having said that, we are going to be cautious and paranoid, as this is a sensitive matter,” the company added. “6.6 million users had password hashed in the ‘leaked’ data, which can be theoretically decrypted using brute force algorithms. We will be reaching out to these users to get them to update their password on all services where they might have used the same password.”

Breach harms the brands

Ponemon Institute study recently conducted survey on the brand impact of a data breach. It shows that breach causes decline in stock value.

The survey sponsored by Centrify mentioned that 31 percent of users stop using the services and products provided by company who gets affected by data breach. Sixty five percent said that they lost trust in company. Eight one percent mentioned that organizations should take reasonable steps to secure personal data.

Forty five percent of IT practitioners present in the survey mentioned that they don’t believe brand protection is taken seriously in the C-suite.

“It is no longer just an IT problem — it must be elevated to the C-suite and boardroom because it requires a holistic and strategic approach to protecting the whole organization,” Centrify CEO Tom Kemp said.

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