India’s Max Monetary says hacker accessed buyer information from its insurance coverage unit

Max Monetary Providers on Wednesday stated its insurance coverage subsidiary Axis Max Life Insurance coverage obtained communication from an nameless sender about unauthorized entry to its buyer information.

With out disclosing specifics, the Noida-based monetary companies firm stated in its inventory trade submitting that Axis Max Life Insurance coverage subsequently initiated an info safety evaluation and information log evaluation.

“An in depth investigation can also be underway in session with info safety specialists to evaluate the foundation explanation for the incident and take remedial motion, as crucial,” the corporate stated.

Axis Max Life Insurance coverage is the fifth-largest insurer in India, with a sum assured of ₹21.9 trillion (roughly $256 billion) and property underneath administration of ₹1.75 trillion ($20 billion), as per the information disclosed in its newest annual report.

TechCrunch has reached out to Axis Max Life Insurance coverage and can replace when the corporate responds.

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