Pine Labs in India impacted by ransomware attack
Technology

Pine Labs in India impacted by ransomware attack

Pine Labs, a merchant platform firm that supplies financing and last-mile retail transaction technology, was affected by a ransomware attack. The group has been collecting significant media recognition due to this attack.

On 10 August 2021, the attack came to attention after the BlackMatter ransomware group updated its victim list on its leak website.

The effect of this attack is crucial. According to the first investigations, this event impacted many financial institutions using Pine Labs services over India.


As per the media reports, after analysis, it was discovered that there were service and other private agreements between various Indian banks/institutions and Pine Labs. Many financial records were found, and over 50,000 unique records and contact details such as name, e-mail, phone.

It was discovered that the ransomware group includes their private documents like agreements with several institutions and other confidential data.

Currently, the Ransomware group is facing many serious threats from companies and individuals. There is a chance that victims of ransomware could lose their private data, moreover leading to financial loss and damaging reputation.

Therefore, it is necessary to use the shared IoCs to observe and block the malware infection, to use strong passwords and enable multi-factor authentication.

It is important to use a well-known anti-virus and Internet security software package on devices such as laptops, PC, mobile phones and not to open untrusted links or emails unless verified its authenticity.

Image Source

Pine Labs, a merchant platform firm that supplies financing and last-mile retail transaction technology, was affected by a ransomware attack. The group has been collecting significant media recognition due to this attack. On 10 August 2021, the attack came to attention after the BlackMatter ransomware group updated its victim list on its leak website. The effect of this attack is crucial. According to the first investigations, this event impacted many financial institutions using Pine Labs services over India. As per the media reports, after analysis, it was discovered that there were service and other private agreements between various Indian banks/institutions and Pine Labs. Many financial records were found, and over 50,000 unique records and contact details such as name, e-mail, phone. It was discovered that the ransomware group includes their private documents like agreements with several institutions and other confidential data. Currently, the Ransomware group is facing many serious threats from companies and individuals. There is a chance that victims of ransomware could lose their private data, moreover leading to financial loss and damaging reputation. Therefore, it is necessary to use the shared IoCs to observe and block the malware infection, to use strong passwords and enable multi-factor authentication. It is important to use a well-known anti-virus and Internet security software package on devices such as laptops, PC, mobile phones and not to open untrusted links or emails unless verified its authenticity. Image Source

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?