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.
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