Brokerage firm Upstox alerts users of possible data breach

In a fresh scare of a data breach, brokerage firm Upstox company alerted users on Sunday of a possibility of compromise of users' contact and KYC data.

The company said it has received emails claiming unauthorized access into the database and compromise of some contact data and KYC details from third-party data-warehouse systems.

Upstox assured users that their funds were safe. "We would like to assure you that your funds and securities are protected and remain safe. " Upstox said the incident has been reported to relevant authorities, and it had enhanced security 'manifold'.