Max Financial Services said Wednesday that insurance supplementary Axis Axis Max Life Insurance received communications from an anonymous sender about unauthorized access to customer data.
Noida-based Financial Services Company said in its stock exchange filing, Axis Max Life Insurance has launched an information security assessment and data log analysis.
“A detailed investigation is also underway to discuss with information security experts to assess the underlying cause of the incident and take corrective action if necessary,” the company said.
Axis Max Life Insurance is India's fifth largest insurance company, with guaranteed assets of £21.9 trillion (approximately $256 billion) and £1.75 trillion ($20 billion) of managed assets, according to data disclosed in its latest annual report.
TechCrunch reaches out to Axis Max Life Insurance and will be updated when the company responds.
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