Angel One Online Stock Broker’s Data Allegedly Leaked on Dark Web?

 Angel One Faces Data Breach Allegations: Stock Prices Dip

Shares of Angel One, a prominent online stockbroker, experienced a sharp decline, dropping nearly 4% during afternoon trading on February 28. This downturn followed the company’s announcement of a potential data leak involving its Amazon Web Services (AWS) infrastructure. The disclosure, prompted by insights from a dark-web monitoring collaborator, sparked investor unease, contributing to the stock’s downward trend.  

Details of the Security Incident  

In a regulatory filing, Angel One revealed that on February 27, its dark-web monitoring partner alerted the firm to a possible data breach resulting from unauthorized access to specific AWS resources. Subsequent investigations confirmed a compromise in the company’s cloud systems, prompting immediate measures to address the issue. Angel One reset credentials across its AWS platform and other vital applications to contain the situation. The company also enlisted an external cybersecurity specialist to evaluate the breach’s scope and identify its root cause.  

Client Assets Remain Secure 

Despite the breach, Angel One assured its customers that their investments, funds, and login details remained unaffected. The company emphasized that all client accounts were secure and reiterated its commitment to protecting user interests. Angel One pledged to continue its investigation to determine the full extent of the incident and implement additional safeguards to prevent future occurrences.  

Market Response and Recovery 

Following the news, Angel One’s shares initially fell to Rs 2,118.7 but later regained some ground, closing 1% lower at Rs 2,167.95. The broader market downturn also played a role in the stock’s performance, with the Sensex plummeting over 1,400 points to 73,198.10 and the Nifty 50 dropping nearly 2% to 22,124.70.  

Looking Ahead

As Angel One works to address the breach, stakeholders are closely monitoring the company’s next steps. Investors and clients await further updates on the investigation’s findings and the implementation of enhanced security protocols to restore confidence in the platform.