Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Alphabet Inc to shut Google+ over data breach

google

Search engine giant Google is planning to shut the consumer version of its social network Google+ after announcing that data from up to 500,000 users may have been breached and exposed to external developers by a bug that was present for more than two years in its systems.

googleThe company revealed the news on a blog where it wrote that it had discovered and patched the leak in March of this year. It also said that it had no evidence of misuse of user data.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

As soon as the news broke, shares of its parent company Alphabet Inc dropped by 1.5 percent at reached $1150.75.

AdvertisementSAAS

Earlier, the tech mammoth decided not to reveal the issue with its Application Program Interfaces (API) partly fearing regulatory scrutiny, citing unnamed sources and internal documents.

It said it had closely analysed the entire issue, reviewing the type of data involved.

AdvertisementInfoComm India 2026

“None of these thresholds were met in this instance,” said Google.

“We found no evidence that any developer was aware of this bug or abusing the API, and we found no evidence that any Profile data was misused,” it added.

According to the European Union’s General Data Protection Regulation (GDPR), if personal data is breached, a company is mandated to inform a supervisory authority within 72 hours, unless the breach is unlikely to result in a risk to the rights and freedom of users.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Tags: Google

Our Coverage of News

SBI Securities Appoints Ayaskant Mohapatra as Chief Technology Officer

SBI Securities has appointed Ayaskant Mohapatra as Chief Technology Officer (CTO) at SBICAP Securities Ltd., strengthening its technology… Read more →

Cedar Hill Capital Co-Leads $3 Million Investment in Voice AI Startup Karta

Cedar Hill Capital has co-led a $3 million funding round in Karta, an agentic voice AI startup focused… Read more →

Aashish Sethi Joins Bajaj General Insurance as Chief Distribution Officer

Aashish Sethi has joined Bajaj General Insurance as Chief Distribution Officer – Bancassurance & Government Business (Institutional), strengthening… Read more →

Razorpay Partners with OpenAI to Help Indian Brands Advertise on ChatGPT

Razorpay has partnered with OpenAI to help Indian brands explore advertising opportunities on ChatGPT, potentially opening a new… Read more →

GreyLabs AI Partners with Federal Bank to Deploy Voice AI Across Customer Interactions

GreyLabs AI has partnered with Federal Bank to bring Voice AI into everyday customer interactions, with applications spanning… Read more →

HDFC Bank Appoints V.N. Srivatsan as Chief Compliance Officer

HDFC Bank has appointed V.N. Srivatsan as its new Chief Compliance Officer (CCO) for a three-year term, effective… Read more →

whatsapp--v1