29
Jul
#StarHealth #IRDAI #CyberSecurityBreach #InsuranceRegulation #DataPrivacy #HealthInsuranceIndia #SATAppeal #DigitalSecurity #InsuranceSector #BFSICyberRisk #IndiaRegulators #TechCompliance Mumbai — In a significant regulatory action, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹3.39 crore on Star Health and Allied Insurance Company Limited for violating cybersecurity norms as prescribed under IRDAI’s data protection framework. The penalty was disclosed by the insurer through a regulatory filing with the National Stock Exchange (NSE) on Monday. The company said: “Penalty has been levied with respect to certain aspects pertaining to safeguard of data and cyber security.” While the detailed findings of the regulator have…