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India’s Paytm Confirms Consumer Data Safe After Founder’s Personal Data Stolen

India's top digital payments company Paytm said on Tuesday (23) its consumer data was safe after police arrested three people, including the company's spokeswoman, over allegations that they tried to blackmail its founder and extort nearly $3 million by threatening to leak personal data.

"This is a case of personal data theft of Vijay Shekhar Sharma, where three arrests were made yesterday," the company said in a statement. "Paytm would like to reiterate that all our consumer data is protected with the highest & most impenetrable levels of security."


The company said it would not comment further, pending the police investigation.

Reuters

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India says it is now world’s fourth-biggest economy

Indian prime minister Narendra Modi (Photo by Salah Malkawi/Getty Images)

India says it is now world’s fourth-biggest economy

INDIA has overtaken Japan as the world's fourth-biggest economy -- and officials hope to pass Germany within three years, the government's end-of-year economic review calculates.

Official confirmation however depends on data due in 2026 when final annual gross domestic product figures are released, with the International Monetary Fund suggesting India will cross over Japan next year.

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