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Star Health Insurance experienced a major data breach involving over 31 million customers. Allegedly sold by the CISO, the data is now being sold by a hacker for $150,000. Yesterday, Star Health Insurance's share price closed at ₹575.10, up 0.75%.
Star Health Insurance, one of India’s leading health insurers, recently experienced a massive data breach affecting over 3.1 crore customers. Sensitive personal data was allegedly sold to hackers by Amarjeet Khanuja, the company’s Chief Information Security Officer (CISO), according to claims made on a hacker website.
The hacker, identified as xenZen, alleged that Khanuja sold the personal data of millions of Star Health Insurance customers and later attempted to renegotiate the deal, demanding more money on behalf of senior management for continued backdoor access.
The hacker is now offering to sell the entire dataset for $150,000 or in smaller batches of 100,000 entries for $10,000.
In response to these allegations, Star Health Insurance acknowledged that it had been the target of a "malicious cyberattack" leading to unauthorised access to customer data. However, the company stressed that their services remain unaffected.
Star Health also defended its CISO, stating that he is cooperating in the investigation, and no findings of wrongdoing have been made against him.
The company emphasised that the hacker's claims aim to incite panic, and any unauthorised handling of customer data is illegal.
The data breach, which exposed over 7.24 terabytes of customer information, has severe implications for those affected. The leaked information includes full names, PAN numbers, phone numbers, email addresses, medical conditions, policy details, and even biometric data like Aadhaar card and PAN card photos.
This breach follows a lawsuit filed by Star Health Insurance last month against Telegram and a hacker. It was revealed that Telegram bots were leaking personal data and medical reports of policyholders.
On Wednesday, Star Health Insurance share price remained stable, closing 0.75% higher at ₹575.10. Year-to-date (YTD) in 2024, the stock has delivered a modest return of 5.46%. Investors will closely monitoring Star Health Insurance share price today.
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