Online insurer Policybazaar says customer data was exposed through ‘unauthorized access’

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Indian online insurance company Policybazaar said on Sunday that an attacker gained unauthorized access to its IT systems, but the firm’s audit showed that “no sensitive” customer data was exposed – or, in other words, some of it was exposed.

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The political bazaar sells a range of insurance coverages, said in a stock exchange claim that its IT systems have been subject to “illegal and unauthorized access” and it is asking authorities for recourse.

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The firm claims on its website that it serves over 9 million clients.

PB Fintech, the holding company of Policybazaar, which went public last year and whose shares trade for less than half of the starting price, said its audit had uncovered “certain vulnerabilities” in IT systems and fixed them.

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It did not specify what all customer data was exposed, the name of the attacker, or how many times the vulnerabilities were exploited.

“Identified vulnerabilities have been eliminated, a thorough audit of systems has begun. This issue is currently being considered by the information security team along with external consultants,” the company said in a statement.


Credit: techcrunch.com /

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