Tuesday, 02 January 2024 12:17 GMT

CARS24 Alleges Customer Data Theft In Dealer Leak Arabian Post


(MENAFN- The Arabian Post) clearfix">Used-car marketplace CARS24 has complained to cybercrime police that confidential information linked to about 3,100 customers was unlawfully taken and passed to a competing business and outside vehicle dealers, with individual sales leads allegedly offered for roughly ₹1,000 each.

The company has estimated the resulting commercial loss at about ₹5.70 crore, according to details of the complaint. The figure is CARS24's assessment of business damage and should not be read as a police finding or a confirmed valuation of the information allegedly taken.

The complaint describes the material as customer leads generated through CARS24's operations. Such leads can contain information supplied by people seeking to sell or buy vehicles and may have significant commercial value because dealers can use them to contact prospective customers before a transaction is completed.

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The Arabian Post

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