Skip to content
Brand AI

Indiabulls

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile2 entries

  1. 2020

    Indiabulls confirms cyberattack and data breach

    Issue disclosure

    Indiabulls confirmed that it was targeted by a cyberattack on June 22 and experienced a minor data breach. Cyble stated that leaked snapshots included sensitive bank-related documents, while Indiabulls disputed that characterization, saying the leaked information was non-sensitive. The company said it had restored affected systems and was analyzing the incident.

    Indiabulls confirmed it was targeted by a cyberattack on June 22 and had a minor data breach. Cyble said leaked snapshots included sensitive bank-related documents; Indiabulls disputed that characterization, saying the leaked information was non-sensitive. The company said it had restored affected systems and was analyzing the incident.

    Company response

    • Clarification — Indiabulls

      Indiabulls said that the information that had been leaked had been non-sensitive information.

    • Remediation — Indiabulls

      The company had then restored all its affected systems,

    • Investigation — Indiabulls

      Indiabulls is currently analysing the incident, trying to map out a cyber footprint to prevent future incidents

    Source excerpt

    • The company had then restored all its affected systems,
    • Indiabulls is currently analysing the incident, trying to map out a cyber footprint to prevent future incidents
    • However, contrary to the cyber-intelligence firm’s report, Indiabulls said that the information that had been leaked had been non-sensitive information.
    Source

  2. 2018

    Credit-market crisis and promoter allegations

    Following the IL&FS collapse and the resulting Indian credit-market stress, Indiabulls shares and bonds fell sharply. The group also faced allegations of fraud involving promoters and scrutiny over its shrinking balance sheet. The cited reference does not establish a final adjudication of those allegations.

    Source