Alibaba-Backed Bigbasket Suffers Major Data Loss in Cyberattack

(Bloomberg) — Cyberattackers have stolen the personal details of million users of top Indian internet grocer Bigbasket, the latest e-commerce data breach to emerge as home-bound consumers flock online.



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Bigbasket co-founder and chief executive officer Hari Menon confirmed the attack, which was first reported by U.S. cybersecurity researcher Cyble Inc. The stolen data, which includes sensitive information including email IDs, mobile phone numbers and full addresses, has been put up for sale on the dark web for more than $40,000, the Atlanta-based outfit said in a blogpost.

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“There’s been a data breach and we’ve filed a case with the cybercrime police,” Menon told Bloomberg News, though he didn’t confirm the scale of the attack because of an ongoing investigation. “The investigators have asked us not to reveal any details as it might hamper the probe.”

Cybercrimes are surging around the world as consumers under lockdown turn

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Tata Group to buy majority stake in BigBasket for about $1 billion: Economic Times

FILE PHOTO: An employee sorts out vegetables before packing them at a Big Basket warehouse on the outskirts of Mumbai November 4, 2014. REUTERS/Danish Siddiqui

BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $1 billion to salt-to-software conglomerate Tata Group, the Economic Times reported here on Wednesday, citing three sources familiar with the matter.

The century-old group has been planning to launch a “super app”, one that will tie in all its consumer businesses, several media reports have said, as it competes against Amazon AMZN.O and Reliance Industries RELI.NS, who have made big bets on India’s booming e-commerce market.

Bengaluru-based BigBasket competes with Walmart Inc-owned Flipkart and Amazon’s “Fresh” service as more consumers stay indoors and choose to shop online during the COVID-19 outbreak.

The Tata Group and BigBasket did not immediately respond to a Reuters request for

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