On July 2, 2025, Max Financial Services revealed a cybersecurity incident targeting its subsidiary, Axis Max Life Insurance, India’s fifth-largest life insurer. This incident raises severe concerns regarding data security and threat detection in the Indian insurance sector.
The breach was discovered by an unknown third party who notified Axis Max Life Insurance of the data access, while exact technical specifics are still pending public release. In response, the company started:
- Evaluation of internal security
- Log analysis
- Consulting with cybersecurity specialists for investigation and remediation
Data leaked during the breach
The firm accepted that some client data could have been accessed, but no specific data types or quantities were confirmed at the time of t
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