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Hackers Access Data Of 8.4 Mn Zoomcar Users
- Zoomcar, a troubled rental car marketplace, disclosed a cyber attack leading to unauthorized access to personal data of nearly 8.4 million users.
- The breached data included names, phone numbers, car registration details, addresses, and emails, but no sensitive financial or password information.
- Zoomcar activated its incident response plan upon discovering the breach after employees received communication from the threat actor.
- The company claims to have safeguards in place across its cloud and internal network and increased system monitoring post the cyber attack.
- Zoomcar has not specified if affected users were informed or the extent of the damage caused.
- Frauds and cyber attacks are rising in India, with statistics showing a significant increase in digital fraud incidents and losses.
- Zoomcar, founded in 2013, operates a platform for renting self-driving cars and went public via a SPAC deal.
- The cyber attack adds to Zoomcar's challenges, including founder exits, legal issues, and financial distress.
- The company's CEO Hiroshi Nishijima resigned in May, with Deepankar Tiwari taking over.
- Despite reducing losses in the last quarter, Zoomcar faces negative working capital and doubts about its ability to continue as a going concern.
- The company plans to raise additional funding to address its financial challenges.
- Zoomcar's revenue remained almost flat, but expenses were significantly reduced in the last quarter.
- The cyber attack incident further complicates Zoomcar's already troubled financial situation.
- Inc42 Media contacted Zoomcar for additional details on the cyber attack incident.
- The rise in digital frauds and cyber attacks highlights the growing cybersecurity challenges in India.
- The financial woes and cyber attack put Zoomcar's future at stake amidst ongoing challenges.
- Zoomcar expects to incur more losses and needs additional funding to sustain its operations.
- The company's negative working capital and financial struggles raise concerns about its ability to meet obligations.
- Zoomcar listed on Nasdaq in December 2023 and operates as a platform connecting car owners with guests for self-driving car rentals.
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