The IT system of insurance aggregator Company Policy Bazaar has been hacked. PB Fintech, the parent company of Policy Bazaar has given this information. The company said that PolicyBazaar had on July 19 received a complaint about certain glitches in a part of its IT systems which are subject to illegal and unauthorized access. This error has almost been fixed. The company said that Policy Bazaar has contacted the concerned authorities in this matter and action is being taken as per law. However, the company has assured its customers that their data has not been tampered with.
The company gave confidence to the customers
The company said that we are in the process of conducting a detailed review. In the review so far, it has been found that there has been no tampering with the customer data. The company further said that PolicyBazaar has always prioritized the security and integrity of its systems and has shown commitment to the security of customer data. We will issue further updates on this under applicable laws.
The policy market is currently facing a fall in the stock
For the record, PB Fintech-owned online insurance services provider Policy Bazaar was listed on the BSE on November 15, 2021, at a premium of 17.35 percent. It touched a high of Rs 1,470. However, like many other listed companies, it too has faced a fall in the share price and is currently trading at Rs 522.
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