Data Breach in Mumbai: 4 Former Employees Booked for Stealing Confidential Client Information
Four former employees of Jugyah Real Estate Pvt Ltd have been booked for allegedly hacking into the company's system and stealing confidential client data worth ₹80 lakh.
Data BreachMumbaiReal EstateCybercrimeEmployment ContractsReal Estate MumbaiJul 05, 2024
According to the FIR, Sharma, who was a manager, provided customer data to a rival company before resigning in May. The other three accused allegedly helped him steal the data, which contained essential information about clients and their preferences. The firm alleged that the information leak has resulted in the loss of clients.
The accused have joined a Powai-based real estate company, breaching their employment contracts by leaving their jobs without proper notice. A case has been filed against them for criminal conspiracy and theft by clerk or servant of property in possession of master, along with relevant sections of the Information Technology Act.
The incident highlights the importance of data security and the need for companies to take measures to prevent data breaches. It also serves as a warning to employees who may be tempted to steal confidential information from their employers.
Jugyah Real Estate Pvt Ltd is a prominent real estate company with tie-ups with property portals like Housing.com, 99acres.com, and MagicBricks. The company has suffered a significant loss due to the data breach and is taking steps to prevent such incidents in the future.
The accused are currently on the run, and the police are conducting further investigations to apprehend them. The incident has sent shockwaves in the real estate industry, and companies are being advised to review their data security measures to prevent such incidents.
Frequently Asked Questions
What is the approximate value of the stolen data?
₹80 lakh
Which real estate company was affected by the data breach?
Jugyah Real Estate Pvt Ltd
How many accused are involved in the case?
4
What is the name of the rival company that allegedly received the stolen data?
Not mentioned
What measures can companies take to prevent data breaches?
Implementing strong data security measures, conducting regular security audits, and educating employees on data protection policies
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr