HDFC Life Insurance has received customer data from an unknown source with “mala fide intent,” without specifying whether it was obtained through a security breach or the type of data involved.
The company is assessing the potential impact of the breach.
Irdai is monitoring insurers’ situation, informing management, and taking steps to protect policyholders’ data and interests, while addressing the threat posed by the breach.
Insurance regulator Irdai has directed two insurers to conduct IT system audits following data leaks, a move aimed at protecting policyholders’ interests. The company is taking the issue seriously and is working with information security experts to assess the root cause and take necessary remedial action. The Insurance Regulatory and Development Authority of India is also addressing the issue, taking regular updates.
Few months ago Star Health Insurance and Tata AIG have both admitted to a data breach.
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