“There was no significant customer data exposed,” says Policybazaar following a system hack

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Following an attack on its IT systems, insurtech behemoth Policybazaar stated that there was no significant exposure of customer data.

“Certain vulnerabilities were identified in a part of Policybazaar Insurance Brokers” (“Policybazaar”) IT systems and the same were subject to illegal and unauthorised access,” Policybazaar said in a regulatory filing with the Bombay Stock Exchange (BSE). In response to the attack, Policybazaar stated that it has made contact with authorities. “Policybazaar has contacted the appropriate authorities and is taking appropriate legal action,” the filing continued. According to Policybazaar, an audit was underway to properly assess the damage while the vulnerabilities discovered were fixed. The insurtech company also stated that its information security team was reviewing the situation with external advisors.

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“There was no significant customer data exposed,” says Policybazaar following a system hack

Following an attack on its IT systems, insurtech behemoth Policybazaar stated that there was no significant exposure of customer data.

“Certain vulnerabilities were identified in a part of Policybazaar Insurance Brokers” (“Policybazaar”) IT systems and the same were subject to illegal and unauthorised access,” Policybazaar said in a regulatory filing with the Bombay Stock Exchange (BSE). In response to the attack, Policybazaar stated that it has made contact with authorities. “Policybazaar has contacted the appropriate authorities and is taking appropriate legal action,” the filing continued. According to Policybazaar, an audit was underway to properly assess the damage while the vulnerabilities discovered were fixed. The insurtech company also stated that its information security team was reviewing the situation with external advisors.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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