Cyble Is Accused of Extorting Data Breach Victims, but the Company Flatly Denies It

guest · Nov 21, 2020

Cyble Is Accused of Extorting Data Breach Victims, but the Company Flatly Denies It
The threat intelligence company “Cyble” is accused of forcing companies to subscribe to its services
November 19, 2020
https://www.technadu.com/cyble-is-a...tims-but-the-company-flatly-denies-it/225866/

Cyble, a rising threat intelligence firm offering real-time dark web monitoring services, is going through its first turbulent period. It is accused of extorting victims of data breaches in a similar way that ransomware groups do it. According to a KEN report, if the company that had its data stolen by hackers and leaked on the dark web doesn’t pay Cyble, the firm publishes a post about it on the blog, exposing the incident to a wider audience.

KEN has presented the case of the ‘Big Basket’ breach in India as the latest example of that, where Cyble allegedly asked $80,000 to keep its mouth shut about the event. KEN even claims that Cyble gave the online supermarket 72 hours to pay that amount. The reporters declare that this atypical extortion process also hit RedDoorz, who had a data breach in September, with Cyble asking $140,000 from them.
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In both cases, Cyble allegedly refused to share the details of the breach for free and tried to force the companies to subscribe to its services.

Today, the Joint Parliamentary Committee on the Personal Data Protection Bill in India has summoned Cyble, PayPal, iSPIRT, Visa, and Mastercard to discuss security incidents that happened recently and formulate a strong legal approach to prevent them in the future. Some considered this suspicious, believing that Cyble was summoned to give explanations on the KEN allegations.
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Cyble Is Accused of Extorting Data Breach Victims, but the Company Flatly Denies It

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