Policybazaar Says Its IT System Hacked; Authorities Informed

Policybazaar Says Its IT System Hacked; Authorities Informed
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New Delhi: PB Fintech, a parent company of Policybazaar Insurance Brokers Private Ltd., on Sunday said that the IT company system was hacked on July 19, and the next corrective action was taken.
The company identified a certain vulnerability on July 19 in the TI Policybazaar Insurance Broker system that leads to illegal and invalid access to the network.

“In this case, Policybazaar has reached the appropriate authority and takes other paths according to the law. The identified vulnerability has been determined, and the overall audit of the system has begun,” said the insurance brokers in the submission of the regulations that the regulations have begun, “.

“While we are in the process of conducting a detailed review, at this time, our review has found that there is no significant customer data exposed. Policybazaar always prioritizes the security and integrity of the system and is committed to the protection of customer data,” it said.

Policybazaar is an insurance broker and stores a lot of data about the policyholder, including the details of their transactions.

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