Friday, 24 March, 2023

PolicyBazaar's parent notifies exchanges about breach of IT systems

<p>The parent company of insurtech player PolicyBazaar, PB Fintech, alerted the stock markets that some IT systems of PolicyBazaar Insurance Brokers Pvt Ltd were found to have vulnerabilities. The business said that it had contacted the appropriate authorities and was pursuing the proper legal action. The July 19 incident involving the &quot;discovered weaknesses in the IT systems&quot; had been resolved, and no important customer data had been compromised.</p>