Insurtech startups capitalise on soaring cybersecurity risks

Aman Gupta-led wearables startup boAt recently suffered a data breach, where the personal details of over 7.5 million customers were compromised. Experts weren’t surprised as all warnings by them with regard to rising risks did not lead to consumer data-dealing companies taking remedial steps.

In the recent past, there has been a data breach at Indian Hotels Company, where personal details of around 1.5 million people were compromised. Other such breaches were Aadhaar data leak of 815 million citizens, a malware attack in AIIMS Delhi, etc. According to a report by Surfshark, India ranks 5th in the list of countries with most data breaches — 5.3 million leaked accounts in 2023.