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India's Angel One says assessing impact after security breach

ReutersFeb 28, 2025 7:01 AM

Adds stock move, details from press statement, industry background

- Indian stock broker Angel One ANGO.NS on Friday said some of its Amazon Web Services (AWS) resources were compromised and that it has hired an external forensic partner to investigate the impact.

The company's shares, already pressured in a weak market, extended losses to as much as 4.7% after the news.

"We have verified that this breach does not have any impact on clients' securities, funds and credentials and all our client accounts remain secure," the company said in an exchange filing.

Angel One said it was notified of the breach by its dark-web monitoring partner and that it immediately changed all credentials of its AWS cloud and other applications.

It did not give further details on the breach, which is the latest to have hit Indian companies, especially insurers.

Niva Bupa Health Insurance NIVA.NS reported an incident last week, while HDFC Life Insurance HDFL.NS and Star Health STAU.NS were other high-profile targets that led the insurance regulator to direct industry-wide audits of IT systems.

More broadly, the Reserve Bank of India, also the country's financial regulator, said it would launch secure website domain names to curb phishing and other such digital threats.

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