PB Fintech, the mum or dad firm of Policybazaar Insurance Brokers Private Ltd, on Sunday stated the corporate’s IT system was hacked on July 19, and subsequent corrections have been made.
The firm recognized sure vulnerabilities on July 19 in a portion of Policybazaar Insurance Broker’s IT techniques resulting in unlawful and unauthorized entry to the community.
“In this regard, Policybazaar has contacted the appropriate authorities and is taking appropriate legal action. The identified vulnerabilities have been fixed, and a thorough audit of the systems has been initiated,” stated insurance coverage brokerage agency in a regulatory submitting.
The info safety staff is at present reviewing the matter with exterior advisors, it stated.
“While we are in the process of conducting a detailed review, so far, our review has found that no significant customer data has been exposed. Policybazaar has always prioritized the security and integrity of its systems and is committed to the protection of customer data ,” it stated.
Policybazaar is into insurance coverage brokerage and shops quite a lot of knowledge about its policyholders, together with their transaction particulars.
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