Executive Summary
- Paramount TPA, a subsidiary of Medi Assist Healthcare, experienced a cybersecurity incident affecting some of its systems.
- The company stated the incident was contained within the subsidiary and did not impact other parts of the business.
- Affected systems have been restored, normal operations have resumed, and relevant authorities have been notified.
Medi Assist Healthcare Services Limited has announced that its wholly-owned subsidiary, Paramount Health Services & Insurance TPA Private Limited, recently experienced and contained a cybersecurity incident. The company confirmed that affected systems have been restored and normal operations have resumed.
According to a statement from Medi Assist, the security breach was isolated to Paramount TPA’s systems and did not impact any other subsidiaries or the parent company. The firm took immediate steps to mitigate the effects of the incident and contain the threat.
In response to the breach, the company has restored the affected services and notified the relevant authorities. Medi Assist Healthcare Services operates primarily in the health benefits administration sector, providing services for corporate employees and insurance companies.
The company has affirmed that its operations are now back to normal following the successful containment and remediation efforts.