Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Axa division in Asia hit by ransomware attack

Reprints
Axa

(Reuters) — French insurer Axa said Sunday that one of its businesses in Asia was hit by a ransomware attack, adding that it was investigating after some data processed in Thailand was accessed.

The group said the cyberattack had targeted its Asia Assistance division, impacting IT operations in Thailand, Malaysia, Hong Kong and the Philippines.

“As a result, certain data processed by Inter Partners Asia (IPA) in Thailand has been accessed,” the Paris-based company said, adding it would notify corporate clients and individuals if it found they had been affected.

The Financial Times earlier reported the attack, adding that it came after cybercriminals using ransomware called Avaddon said on Saturday that they had hacked the group’s Asia operations and stolen three terabytes of data, in a dark web post seen by the newspaper.

 

 

 

Read Next

  • Axa halts coverage for ransoms paid to ransomware gangs

    French insurer Axa SA has decided to cease cyber insurance coverage for ransoms paid by the policyholders to the ransomware gangs, US News & World Report reported citing the Associated Press. The decision, which affects only France, is in response to the concerns recently raised by French justice and cybersecurity officials around rise in ransom payments and the rampant growth of ransomware attacks.