Kreditech Suspects Insider In Data Breach

Kreditech, a Germany-based  micro-loan startup is investigating a data breach of personal and financial records of thousands of its online applicants, according to Brian Krebs report.

A Web site accessible via Tor, a software that transfers  Internet traffic  to a global network of relays, included links to countless documents, drivers licenses, national Ids, scanned passports, and credit agreements taken from Kreditech’s servers.

A group of  hackers 'A4' professes to have posted the screen shots of the hundreds of gigabytes documents of Kreditech.

Kreditech head of communications Anna Friedrich said, “There is no access to any customer data. This incident stemmed from a form on our website that was stored data in a caching system that deleted data every few days. What happened was that a subset of application data was affected. We are collaborating with the police, but unfortunately there is no more further information that I have to share.”

Further adding Friedrich said that Kreditech believes the data was leaked by an insider, can be former or current employee.

Kreditech, has raised $63 million from investors since 2012. The company grant credit to applicants using traditional data scoring and social media, and provide loans  in Spain, the Czech Republic, Poland, Mexico, Australia, Russia,  Peru, the Dominican Republic and Kazakhstan.
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