Nippon Life India Asset Management Ltd’s website is India’s largest mutual fund by investor number, which has declined since the March 9 cyber attacks hit the company’s IT infrastructure. When Mint visits the site on April 17 Home page Can be accessed, but Login page no.
“Last night involved an incident involving a cyberattack on our IT infrastructure. Immediately aware of the incident, we took the necessary steps to investigate and respond to the incident, including shutting down the affected systems,” the company wrote in an exchange filing on April 10.
It added: “We are working with leading cybersecurity experts to support our investigation and determine the extent of the problem and take remedial measures as needed.”
“We were surprised it has been nearly a week,” said mutual fund distributor Amol Joshi. “Generally, routine maintenance will be done at midnight.”
He added that since the incident, emails from AMC containing the appendix have PDF attachments. Previously, the link contained notifications on the appendix or company website.
Mint Any customer data that cannot be verified if there is compromise in a cyber attack. This article will be updated when Nippon Life responds to our query.
Nippon Life India Asset Management shares rose 3% on Thursday, closing ₹598. It has increased by 5.5% since April 11, the second day of the cyber attack.
What should investors do?
If you invest directly through Nippon’s website, you will now be unable to log into your account. You can MFU Platform Or by logging in Kfintech. For MFU, you need to first open an account and get a “public account number”.
If you invest in AMC’s funds using third-party applications such as Zerodha or groww or RTA platforms, you can continue to trade through these applications.
