Angel One Reaffirms Robust Data Security and Compliance

Angel One Limited, a prominent player in the fintech sector, has addressed recent reports of a data breach. The company clarified that the incident in question dates back to April 2023 and was promptly reported to the relevant authorities at that time. The leaked information primarily consists of sample data and includes details related to delisted companies from 2021. Angel One emphasized that no new data breach has occurred and that the authenticity of the leaked data has not been validated.

A spokesperson for Angel One stated, “We wish to assure all our users that no new data breach has occurred. The current issue pertains to an incident in April 2023, which was promptly reported to the relevant authorities. We do not engage in buying data from hackers as it is an illegal activity. To further secure our systems, we have implemented two-factor authentication and other security measures. We confirm that Angel One’s customer data is secure, and this incident has no impact on client securities, funds, or credentials. All client accounts remain safe.” The company reiterated its commitment to data security and assured customers that their information remains protected.

Angel One has demonstrated impressive growth in its client base, reaching 24.72 million in June 2024, marking a substantial 64.2% YoY increase. The company achieved a remarkable 96.9% YoY growth in gross client acquisition, onboarding 0.94 million new clients in June 2024.