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Medi Assist Subsidiary Faces Cybersecurity Breach, Operations Restored

Story Highlights
  • Medi Assist provides health benefits administration services in the healthcare industry.
  • Paramount TPA, a Medi Assist subsidiary, faced a cybersecurity incident but has restored operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Medi Assist Subsidiary Faces Cybersecurity Breach, Operations Restored

TipRanks Black Friday Sale

Medi Assist Healthcare Services Limited ( (IN:MEDIASSIST) ) just unveiled an announcement.

Medi Assist Healthcare Services Limited announced a cybersecurity incident affecting its wholly owned subsidiary, Paramount Health Services & Insurance TPA Private Limited. The breach impacted some of Paramount TPA’s systems, but the company has since restored all affected infrastructure and resumed normal operations. The incident did not affect Medi Assist’s other subsidiaries, and the company has informed relevant authorities while closely monitoring the situation.

More about Medi Assist Healthcare Services Limited

Medi Assist Healthcare Services Limited operates in the healthcare industry, primarily providing health benefits administration services. The company focuses on offering third-party administration (TPA) services for health insurance, facilitating seamless healthcare management for insurers, hospitals, and policyholders.

Average Trading Volume: 11,220

Technical Sentiment Signal: Strong Sell

Current Market Cap: 32.91B INR

For detailed information about MEDIASSIST stock, go to TipRanks’ Stock Analysis page.

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