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Around 500,000 records of Pine Labs including confidential client agreements, employee data, financial reports, and other internal documents were allegedly hacked by BlackMatter Ransomware Group according to Cyble Research Labs. Pine Labs, however, denied the claims.
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Sanjeev Kumar, Chief Technology Officer, Pine Labs, called the data leak baseless. “This is baseless. Pine Labs continues to be one of the most secure and compliant PCI-DSS platform. We can confidently state that our systems continue to be fully secure and our production systems continue to operate as usual and all customer data is safe,” he told BusinessLine.