Online insurance company Policybazaar states client information was exposed by ‘unapproved gain access to’

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Indian online insurance company Policybazaar stated on Sunday that it underwent an undefined security event however discovered that “no substantial” client information was exposed– or to put it simply, some was.

Policybazaar, which offers a series of insurance protection, stated in a stock market filing that its IT systems went through “unlawful and unapproved gain access to” and it is engaging with the authorities to take option.

The company declares on its site that it serves over 9 million clients.

PB Fintech, the holding company of Policybazaar, which went public in 2015 and whose shares are trading at less than half of the launching rate, stated its evaluation recognized “particular vulnerabilities” in the IT systems and it has actually covered them.

It did not determine what all client information had actually been exposed, whether there was an information breach by an opponent or the number of times the vulnerabilities were made use of. It did not right away react to an ask for remark.

“The recognized vulnerabilities have actually been repaired and a comprehensive audit of the systems has actually been started. The matter is presently being evaluated by the details security group in addition to external consultants,” the business stated in the filing, which you can check out below.

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