Nippon Life India AMC Resumes Digital Services After Cybersecurity Outbreak

Nippon Life India Asset Management Ltd has been able to restore its mobile app and website after a cybersecurity incident that suspended services from April 9, 2025. The company confirmed that no investor information was compromised and operations were not affected during the incident.

 

Key Highlights:

✅ Cybersecurity Breach: A cyberattack on April 9 caused the temporary closure of Nippon's digital platforms.

✅ Restoration Completed: The firm has completely restored its website and mobile app, allowing smooth investor transactions.

✅ Investor Safety Assured: Initial investigations proved no data breach, supporting robust security measures.

✅ Alternative Access Provided: Investors were able to transact during the outage through MF Utilities, KFintech, and physical offices.

✅ Market Reaction: Nippon Life India AMC's stock appreciated by 3%, indicating investor faith in its restoration efforts.

 

With digital services in place, Nippon Life India AMC reiterates its commitment to investor protection and cybersecurity.

 

Source: Mint, Economic Times, NiftyTrader