Paramount Health Services & Insurance TPA Private Limited, a subsidiary of Med Assist Healthcare Services, experienced a cybersecurity incident impacting some systems. The incident was contained, affected systems restored, and business operations have resumed normally. Management and authorities remain vigilant in monitoring the situation.
Med Assist Healthcare Services Ltd announced a cybersecurity incident involving one of its key subsidiaries, Paramount Health Services & Insurance TPA Private Limited (“Paramount TPA”). The breach was confined solely to Paramount TPA’s systems and services; other entities within the parent company remained unaffected.
The incident prompted immediate action from Paramount TPA’s technical team alongside external cybersecurity specialists. Together, they enacted rigorous mitigation protocols to control and resolve the event efficiently. As a result, all compromised infrastructure and systems have been fully restored, with normal business operations now resumed.
Company management has ensured that relevant regulatory and oversight authorities have been notified swiftly, highlighting transparency and compliance. Continuous monitoring of the cybersecurity environment remains a priority to prevent any further issues.
Notable Updates
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Cybersecurity breach limited exclusively to Paramount TPA systems
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Immediate response by internal technical and external expert teams
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Full restoration of impacted systems completed successfully
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Business operations continue uninterrupted post-incident
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Relevant authorities formally informed
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Ongoing close supervision by company leadership to maintain security
This incident highlights the increasing need for vigilance in cybersecurity for healthcare service providers, with Med Assist Healthcare Services demonstrating proactive crisis management and operational resilience.
Sources: NSE Circular, Med Assist Healthcare Services Ltd official statement, industry cybersecurity guidelines.