Cyber Security Breach: Ex-Employees Accused of Stealing ₹80 Lakh Worth of Data from Mumbai-Based Real Estate Firm
Four individuals have been booked for allegedly hacking into their previous employer's system, stealing confidential client data worth ₹80 lakh, and selling it to a rival firm. The accused were employed by Jugyah Real Estate Pvt Ltd, a Mumbai-based real e
Cyber SecurityData BreachReal EstateMumbaiCorporate EspionageReal Estate NewsJul 05, 2024
Jugyah Real Estate Pvt Ltd, a prominent real estate company in Mumbai, has tie-ups with popular property portals like Housing.com, 99acres.com, and MagicBricks. The company alleged that before quitting their jobs in May, the accused stole confidential client data, including essential information about customers and their preferences.
According to the FIR, the accused provided the stolen data to a rival real estate company based in Powai. The company claims that the information leak has resulted in the loss of clients. Jugyah Real Estate Pvt Ltd has also accused the quartet of breaching their employment contracts by leaving their jobs without proper notice.
The Bandra police have booked the four individuals for criminal conspiracy, theft by clerk or servant of property in possession of master, and relevant sections of the Information Technology Act. The accused are currently being investigated for their role in the cyber security breach.
The incident highlights the importance of data security in the corporate world. With the increasing use of technology in business operations, companies need to take measures to protect their sensitive data from unauthorized access. This includes implementing robust security protocols, monitoring employee activities, and having strict policies in place to prevent data theft.
The case against the four accused is a reminder that data security is not just a technical issue but also a matter of trust and responsibility. Companies need to ensure that their employees are aware of the importance of data security and the consequences of breaching that trust.
Frequently Asked Questions
What is the value of the stolen data?
The value of the stolen data is ₹80 lakh.
Who are the accused in the case?
The accused are Kamta Gupta, Rahul Sharma, Imran Khan, and Ovais Mistry.
What is the name of the real estate company that was breached?
The real estate company that was breached is Jugyah Real Estate Pvt Ltd.
What is the punishment for data theft under the Information Technology Act?
The punishment for data theft under the Information Technology Act depends on the severity of the offense, but it can include imprisonment and fines.
How can companies prevent data breaches?
Companies can prevent data breaches by implementing robust security protocols, monitoring employee activities, and having strict policies in place to prevent data theft.
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