Security News > 2021 > May > AXA Confirms Ransomware Attack Impacted Operations in Asia
France-based insurance giant AXA has confirmed that some of its operations in Asia have been impacted by a ransomware attack.
A cybercrime gang that uses a piece of ransomware named Avaddon appears to be behind the attack.
In a statement to the media, AXA said a "Targeted ransomware attack" impacted its Asia Assistance division, specifically IT operations in Thailand, Malaysia, Hong Kong and the Philippines.
The attack targeting AXA came to light a week after - in an apparent industry first - the insurance giant announced that it will stop writing insurance policies for extortion payments made to ransomware operators.
AXA is not the only insurer hit by ransomware in recent months.
Chicago, Illinois-based CNA announced last week that it had fully restored systems after detecting a ransomware attack in March.
News URL
Related news
- RA World Ransomware Attack in South Asia Links to Chinese Espionage Toolset (source)
- US indicts 8Base ransomware operators for Phobos encryption attacks (source)
- Chinese espionage tools deployed in RA World ransomware attack (source)
- Lee Enterprises newspaper disruptions caused by ransomware attack (source)
- Southern Water says Black Basta ransomware attack cost £4.5M in expenses (source)
- Qilin ransomware claims attack at Lee Enterprises, leaks stolen data (source)
- Ransomware gangs exploit Paragon Partition Manager bug in BYOVD attacks (source)
- Hackers Exploit Paragon Partition Manager Driver Vulnerability in Ransomware Attacks (source)
- Hunters International ransomware claims attack on Tata Technologies (source)
- Toronto Zoo shares update on last year's ransomware attack (source)