Previously, Star Health and Allied Insurance had to launch a forensic investigation, led by independent cybersecurity experts, into a cyberattack it was subjected to
Star Health and Allied Insurance Company shares hit a 52-week low of Rs 463, down 4% in intra-day deal and trading near its all-time low of Rs 451.10 hit on January 30, 2023.
Star Health's total expenses also increased 18.7 per cent to Rs 3,898.58 crore in the quarter under review as compared to Rs 3,283.99 crore
In August, Star Health faced a data leak, where stolen customer data including medical reports, were publicly accessible via chatbots on messaging app Telegram and through websites
Recently, there was a data breach at Star Health & Allied Insurance's servers and reportedly sensitive data of 31 million customers were put up for sale
The company, whose shares have declined 11 per cent, has launched internal investigations and has taken legal action against Telegram and the hacker
Investigation comes after the hacker, an individual dubbed xenZen, publicly asserted on his website that the executive had 'sold all this data to me'
Star Health Insurance, one of India's largest health insurers, is facing serious trouble after more than 7 terabytes of its policyholders' data was leaked online.
The hacker, xenZen, accused Star Health Insurance of directly selling the sensitive data to them
A data breach recently at Star Health's servers reportedly put up for sale on the messaging platform Telegram sensitive data of 31 million customers, amounting to an estimated 7.24 terabytes
While it's unclear if the website was made by the same individual Star Health sued, the hacker claims that a senior Star Health official sold the data and later tried to renegotiate terms
Star also sued Telegram and hacker xenZen, after it was reported that sensitive personal data, from numbers to copies of identity cards and blood reports of customers, were publicly accessible
Using the chatbots enabled downloading policy and claims documents featuring names, phone numbers, addresses, tax details, copies of ID cards, test results and medical diagnoses
The policy is designed to address the specific requirements of individuals with disabilities of 40% or more, including physical, sensory, or cognitive impairments
Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.
The agency force accounts for nearly 80 per cent of the health insurer's overall business
CEAT is on the verge of breaking out from inverted head and shoulder pattern on the daily chart. Price rise was accompanied by healthy volumes
In the past two trading sessions, Go Digit's stock increased up to 3 per cent. Including today's gain, it reached an intraday high of Rs 370 on Monday.
Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.
Standalone health insurance provider Star Health and Allied Insurance Company has reported an 18 per cent rise in its Gross Written Premium for the April-June 2024 quarter at Rs 3,476 crore. The company had recorded a Gross Written Premium of Rs 2,949 crore during the same period of last financial year. Investments assets grew by 19 per cent year-on-year to Rs 15,802 crore, with an investment income of Rs 295 crore. The city-based company in a statement on Wednesday said it made an underwriting profit of Rs 140 crore during the April-June 2024 quarter. Commenting on the financial performance, Star Health and Allied Insurance Company Ltd MD and CEO, Anand Roy said, "in line with our stated strategy, we have witnessed a strong growth trajectory in Q1FY25, resulting in 18 per cent GWP growth. Our robust underwriting, expanded agent network, strengthened bancassurance collaborations, digital channels and initiatives like home health care underscore our commitment to accessible, qualit