A couple of weeks after Star Health sued Telegram and an unknown hacker for a data breach, a website appeared, claiming to sell data from over 31 million of the company’s customers. The hacker, using the name "xenZen," says they have access to sensitive personal details like PAN numbers, home addresses, and more. They’re offering this data for sale at $150,000.
The hacker alleges that Star Health’s Chief Information Security Officer (CISO), Amarjeet, sold them the data but later tried to change the deal. To prove the leak is real, the hacker shared over 500 data samples, including information about some Indian government officials.
Star Health's Response
Star Health has confirmed the cyberattack and is investigating the breach with cybersecurity experts. They assure customers that their operations have not been disrupted and that they’re working closely with government authorities to resolve the issue. Star Health also made it clear that their CISO is cooperating fully with the investigation, and there’s no evidence against him so far.
Lessons Learned: How Companies Can Protect Their Data
As data breaches like the one at Star Health become more frequent, the need for stronger security systems is clear. Companies that store sensitive personal data must protect themselves against threats. Hypersign offers innovative solutions designed to safeguard personal information and prevent breaches.
Hypersign’s Encrypted Data Vault (EDV): Advanced Protection Against Breaches
One of Hypersign’s core solutions is the Encrypted Data Vault (EDV). This technology provides an advanced level of security by encrypting all stored data. If hackers manage to breach the system, the data remains unreadable, making it useless to attackers. This prevents personal information like addresses, IDs, and financial details from being exposed.
Unlike traditional systems that store all user data in large, centralized databases, Hypersign's EDV uses a non-custodial, multi-tenant structure. This means that each user’s data is stored separately, so if one user’s data is compromised, the breach doesn’t affect others. This approach helps contain any potential damage, significantly reducing the risk of widespread breaches.
Privacy-Focused KYC: Fast, Secure, and Compliant
Hypersign also addresses vulnerabilities in KYC (Know Your Customer) processes. Traditional KYC systems store sensitive data in centralized databases, making them prime targets for hackers. Hypersign's privacy-centric KYC solution ensures that personal data remains secure and in the user’s control, lowering the risk of exposure.
The solution allows companies to perform fast and compliant user onboarding without sacrificing privacy. By letting users control their own KYC data, Hypersign minimizes the risks tied to centralized data storage while ensuring companies meet legal requirements.
Why Choose Hypersign?
By adopting Hypersign's solutions, companies can protect themselves against the growing threat of data breaches. Whether through strong encryption protocols, separate data storage for each user, or privacy-first KYC processes, Hypersign provides a complete security system. This not only helps in protecting sensitive information but also enhances an organization's reputation for security and privacy.
Step into the future of secure data management—book a demo with Hypersign and explore how our solutions can safeguard your business today.
About Hypersign
Hypersign is a privacy-focused KYC system that manages digital identities and access rights. It empowers users to control their data securely and seamlessly access the internet. With Hypersign’s KYC and Encrypted Data Vault (EDV), user data is protected against threats. The platform features a scalable and secure Verifiable Data Registry (VDR) and is built on Cosmos-SDK, recognized by the W3C. Hypersign ensures compliance with GDPR and other regulations while being significantly faster and more cost-effective than competitors. It supports on-chain compliance, reusable KYC/KYT/KYB, Proof of Personhood, and multi-level encryption. Live across multiple chains and backed by major organizations, Hypersign offers efficient onboarding and risk mitigation. Contact us at contact@hypersign.id to explore tailored security solutions.
