Data leaks: Irdai insurers to conduct IT systems audit

Insurance regulator Irdai has directed two insurers to carry out audits of their IT systems following concerns over the recent instances of policyholders’ data leaks.

The regulator is also in touch with their management to address the vulnerabilities.

Without naming the insurers, the Insurance Regulatory and Development Authority of India (Irdai) said it takes data breaches very seriously and asserted that it will continue to engage with the companies to ensure that the policyholders’ interests are fully protected.