Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users

Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users

Zhang Xia

Date: Tue, 11/21/2017 - 18:03 / source:Yicai
Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users
Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users

(Yicai Global) Nov. 21 -- Chinese peer-to-peer lending platform Qudian Inc. [NYSE:QD], which listed on the New York Stock Exchange last month, has reportedly exposed a data leak related to its students’ users, financial media outlet Yibencaijing reported yesterday.

The data covers a wide range of areas, including financial data such as lending amounts and fines for delayed payment, as well as private information such as telephone numbers of students, schools, dormitories, parents and friends, and personal accounts on college websites, according to samples verified as authentic by Yibencaijing.

Qudian announced plans last year to withdraw from the college student lending business, but the firm has worked with nearly 30 million college students.

Several former employees spoke of the data leak and accompanying high-security risk. Many employees could export data and the leak may have been caused by employees, they said.

“I also exported the data and compared it with the leaked data, and found that the data comes from Qudian,” said Chen Yiran, a former employee at Qudian.

Qudian has not yet responded to the matter and a head of its public relations department said that the firm has always focused on individuals’ information security and constantly improved data security and information encryption.

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Keywords: Qudian, data leakage