Indian on-line insurer Policybazaar stated on Sunday it was the topic of an unspecified safety incident however discovered that "no important" buyer information was disclosed - or in different phrases, some was.
Policybazaar, which sells a spread of insurance coverage protection, stated in an IPO submitting that its IT techniques have been topic to "unlawful and unauthorized entry" and is popping to authorities for recourse.
The corporate claims on its web site that it serves over 9 million prospects.
PB Fintech, Policybazaar's holding firm, which went public final yr and whose shares are buying and selling at lower than half their opening worth, stated its evaluate recognized "sure vulnerabilities" within the IT techniques and patched them.
It has not been decided what buyer information was uncovered, whether or not there was an information breach by an attacker, or how typically the vulnerabilities have been exploited. It didn't instantly reply to a request for remark.
"That...
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