Pine Labs in India impacted by ransomware attack

21 Aug 2021 CW Team

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

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..