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Pine Labs controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Pine Labs data breach

    Pine Labs suffered a reported data breach in August 2021. Public descriptions stated that data associated with up to 500,000 users was exposed to hackers. The incident highlighted cybersecurity and data-protection risks connected with a fintech platform handling payment and merchant information.

    Source

  2. 2021

    Pine Labs faces an alleged data breach

    Issue disclosure

    Cyble reportedly disclosed that a ransomware hack allegedly exposed more than 50,000 unique records associated with Pine Labs. Pine Labs denied that a data breach had occurred and said it was investigating the source of the information.

    Company response

    • Denial — Pine Labs

      However, Pine Labs has denied any such data breach.

    • Investigation — Pine Labs

      Kumar however underlined that the data mentioned are some 2014 legal business contracts and the Pine Labs is investigating to see if any user laptop or server was the source of this information.

    Source excerpt

    • However, Pine Labs has denied any such data breach.
    • The hack was first reported by Cyble, a global threat intelligence SaaS provider on August 11, 2021.
    • The hack by BlackMatter ransomware has allegedly exposed Pine Labs’ service and other private agreements between multiple Indian banks/institutions and Pine Labs, multiple financial reports, among others.
    Source