Max Monetary Companies 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 change submitting that Axis Max Life Insurance coverage subsequently initiated an data security evaluation and information log evaluation.
“An in depth investigation can also be underway in session with data security specialists to evaluate the basis reason for the incident and take remedial motion, as needed,” 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 belongings beneath administration of ₹1.75 trillion ($20 billion), as per the information disclosed in its newest annual report.
information.killnetswitch has reached out to Axis Max Life Insurance coverage and can replace when the corporate responds.
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