Angel One reports data breach, says no impact on client securities, funds

Stock broking firm, which manages 13 million clients, said certain client profile data like name, email, mobile number and client holding data may have been accessed in an unauthorised manner

Stock broking firm Angel One, which manages over 13 million clients, reported data breach of client details stating that it received emails claiming unauthorised access. The company said that certain client profile data like name, email, mobile number and client holding data may have been accessed in an unauthorised manner.

“We have verified that such breach does not have any impact on client securities, funds and credentials; and all client accounts are secure. The data, claimed to have been accessed, cannot be used for any transactions,” said the broker in an exchange filing.

The broker added that there was no impact on operations or clients’ securities and client’s login credentials were not compromised.

Sebi issues fresh procedure for change in vault managers

The Securities and Exchange Board of India (Sebi) has issued a procedure for obtaining prior approval in case of change in control of vault managers. Under the new procedures, an appli­cation made by the vault managers for prior approval will have to be accompanied by a decla­ration about the acquirers, shareholding pattern, past applications, pending investor complaints etc.