Max Monetary Companies on Wednesday stated its insurance coverage subsidiary Axis Max Life Insurance coverage acquired communication from an nameless sender about unauthorized entry to its buyer information.
With out disclosing specifics, the Noida-based monetary providers firm stated in its inventory change submitting that Axis Max Life Insurance coverage subsequently initiated an info safety evaluation and information log evaluation.
“An in depth investigation can be underway in session with info safety consultants to evaluate the foundation explanation for the incident and take remedial motion, as obligatory,” 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 beneath 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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