HDFC Life says it has solved the data of data theft, improved security protocols

HDFC Limited Life Insurance Company offered an update to the data theft incident that took place on November 19-21, 2024. The company stated that it has hired information security experts to perform a detailed violation and IT systems of the company.

“The evaluations have now been completed, revealing that the unauthorized exploitation has limited to a specific, identified problem. This problem has been approached and remedied promptly,” the insurer said in a statement.

In response, HDFC Life said it has implemented improved security protocols to continue to strengthen its IT infrastructure and to ensure customer data protection.

#Newsflash | #Hdfcliflie Updating issues regarding the data theft incident. He says this problem was approached promptly and did not result in any significant negative impact. In addition, he says he has implemented improved and infra security protocols.

Alert ????: #Hdfcbank Theft of reported data … pic.twitter.com/prrohugk5n

-Cnbc-tv18 (@cnbctv18live) March 13, 2025

The company assured that the incident had no negative impact on its operations. “The company fully undertakes to maintain the highest cyber security and data protection standards and has set up several measures that will help to strengthen the same,” said HDFC Life.

This disclosure was made as part of the company’s commitment to the good governance and to inform the interested parties.

HDFC Life reported a 15% increase in the third quarter of the Net profit FY25, reaching 421.31 lei. This increased from $ 367.54 in the third quarter of the year 24.

The net first income increased by 10%, totaling 16,832 lei. This is compared with 15,273 lei in the same quarter of last year.

However, the profit after tax (bed) decreased by 3.2% from 435.18 crore in Q2FY24.

HDFC Life’s The general market share (individual WRP) increased by 70 BPS, reaching 10.8%. The market share of the private sector was 15.3%.

The company’s shares trades 1.6% lower at a price of ₹622.10 Thursday.