HDFC Life Insurance reports data leak, assesses impact of breach

By Sandy Verma On Nov 26, 2024

New Delhi:New Delhi: HDFC Life Insurance on Monday said that some cases of data leakage have been reported and the potential impact of this breach is being assessed. “We have received communication from an unknown source who has shared certain data fields of our customers with us with malicious intent,” HDFC Life said in a regulatory filing. The company said it has begun information security assessment and data log analysis. The company said a detailed investigation is underway in consultation with information security experts to assess the root cause and take remedial action as necessary. The company said it is continuing its investigation to assess the potential impact, adding, “We will take the utmost care to address our customers' concerns and take action to protect their interests.” Last month, insurance regulator IRDAI had directed two insurance companies to audit their IT systems following concerns over recent cases of data leakage of policyholders.

Without naming the insurance companies, the Insurance Regulatory and Development Authority of India (Irdai) said it takes data breaches very seriously and stressed that it will continue dialogue with the companies to ensure that the interests of policyholders are fully protected. Be protected properly. Star Health Insurance had recently admitted to the data breach. Tata AIG is another insurance company that faced a data leak. In a release, Irdai had said that it is closely monitoring the situation in the case of the insurance companies concerned and is in touch with their management. The regulator had said that regular updates are being received to ensure that the data and interests of policyholders are completely protected and the company is taking all steps to prevent the threat posed by this breach.