Star Health & Allied Insurance Company Ltd

(STARHEALTH)

Star Health Reports Profit Drop Amid Cybersecurity Findings - 29 Oct, 2024

Star Health and Allied Insurance reported an 11% decline in profit after tax for Q2 FY25, while a forensic investigation cleared its CISO of wrongdoing in a data breach incident. The company also noted a 17% YoY increase in gross written premium.

Star Health Exonerates CISO in Data Breach Incident - 28 Oct, 2024

Star Health Insurance announced that an independent investigation found no evidence of wrongdoing by its Chief Information Security Officer regarding a recent data leak. The investigation concluded that alleged communications with a hacker were fabricated. The company is taking steps to enhance its information security systems.

IRDAI Implements Stricter Fraud Guidelines Amid Hacking - 26 Oct, 2024

The IRDAI has proposed stricter guidelines to combat online fraud following a hacking incident involving Star Health Insurance. A hacker claimed to have sold sensitive data, threatening policyholder exposure. The situation raises concerns about data security in the insurance sector.

Star Health Faces Data Leak Legal Challenges - 25 Oct, 2024

Star Health is embroiled in a legal battle over a data leak involving sensitive customer information. The Madras High Court has ordered the insurer to assist Telegram in identifying accounts linked to the leak, while Telegram claims it requires concrete evidence for action. The incident has raised concerns about data security and potential ransom demands.

Star Health Reports Data Breach Investigation - 22 Oct, 2024

Star Health has publicly acknowledged a data breach involving potential unauthorized access to customer data. The company is investigating the incident and has reported it to relevant regulatory bodies, including CERT-IN.

Data Breach Raises Concerns for Star Health Insurers - 19 Oct, 2024

The Insurance Regulatory and Development Authority of India (Irdai) has urged insurers to assess IT vulnerabilities following a significant data breach at Star Health & Allied Insurance, affecting 31 million customers. Sensitive information, including personal and medical data, was compromised.

Star Health Expands Home Healthcare Services in Maharashtra - 18 Oct, 2024

Star Health Insurance has launched its Home Healthcare Service in Maharashtra, responding to strong demand. The service is available in 85% of locations, aiming to enhance accessibility and cater to underserved communities. With a robust network and significant claims paid, Star Health emphasizes its commitment to improving healthcare solutions in the state.

Star Health Faces Data Breach Investigation Request - 15 Oct, 2024

Following a significant data breach exposing sensitive customer information, a legal services firm has urged the government to investigate Star Health and Allied Insurance.

Star Health Faces Cyberattack and Data Breach Investigation - 14 Oct, 2024

Star Health & Allied Insurance is dealing with a cyberattack fallout, including a ransom demand and a petition for investigation into a data breach. The company asserts its services remain operational and is conducting an ongoing investigation into the incident.

Star Health Faces Ransom Demand Over Data Leak - 13 Oct, 2024

Star Health & Allied Insurance Company Ltd is facing a $68,000 ransom demand due to leaked sensitive customer data, allegedly sold by the company itself. This incident raises serious concerns about data security and customer trust.

Star Health Faces Ransom Demand Amid Data Breach - 12 Oct, 2024

Star Health & Allied Insurance Company Ltd is dealing with a $68,000 ransom demand following a data breach. The company has initiated investigations and legal actions while assuring that its services remain secure. The incident has led to a significant decline in share value, reflecting a reputational crisis for the insurer.

Star Health Faces Major Data Breach and Scrutiny - 11 Oct, 2024

Star Health & Allied Insurance Company is under scrutiny following a significant data breach affecting over 31 million customers. Allegations against the CISO and actions by Telegram to remove bots sharing sensitive data have emerged. The Insurance Regulatory and Development Authority (Irdai) is increasing oversight in the sector to prevent future incidents.

Star Health Faces Cyberattack, Shares Decline Amid Coverage - 10 Oct, 2024

Star Health & Allied Insurance faced a significant cyberattack affecting 31 million customers, leading to a drop in share prices. Despite this, JM Financial initiated coverage with a buy rating, highlighting growth potential. The company is investigating the breach and has reported the incident to authorities.

Star Health Faces Major Data Breach Incident - 09 Oct, 2024

Star Health & Allied Insurance is dealing with a significant data breach affecting over 31 million customers. A hacker claims insider involvement, with sensitive data for sale online. The company is conducting a forensic investigation and cooperating with authorities to address the situation and protect customer data.

Star Health Insurance Receives Credit Rating Upgrade - 07 Oct, 2024

Star Health & Allied Insurance Company has received a credit rating upgrade to IND AA+ from India Ratings, reflecting its strong market position and profitability. The upgrade highlights the company's consistent growth, commanding market share, and robust financial metrics, including a solvency margin well above regulatory requirements.

LIC Enters Growing Health Insurance Market - 04 Oct, 2024

LIC is planning to enter the expanding health insurance market, which is currently the fastest-growing segment in India's insurance industry due to rising healthcare costs and increased awareness.