Ransomware strikes AXA shortly after insurer announces it will stop covering extortion fees
Ransomware gangs have now struck two cybersecurity insurers in as many months, with AXA confirming over the weekend that an attack had affected its Asian operations. AXA joins CNA Insurance, which in April confirmed that a ransomware incident had forced the company to take its operations offline. The attack on AXA, though, comes shortly after the French insurer said it would no longer reimburse ransomware payments under new policies it writes in that country, although a source familiar with the attack said there was no connection between AXA’s decision and the attack on its own networks. The so-called Avaddon ransomware operators posted screenshots of information online that they said they obtained from AXA’s Asia Assistance subsidiary. The screenshots include a claim that the operators stole three terabytes of data, such as customer medical reports and claims, customer IDs and bank account papers, payments to customers and other health information. “Asia […]
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