Security News > 2021 > August > Japanese insurer Tokio Marine discloses ransomware attack
Tokio Marine Holdings, a multinational insurance holding company in Japan, announced this week that its Singapore branch, Tokio Marine Insurance Singapore, suffered a ransomware attack.
As the largest property and casualty insurance group in Japan, Tokio Marine Holdings is an attractive target for cybercriminals, who can use the breach to find and compromise customers of the organization.
Tokio Marine notes that the ransomware attack affected Tokio Marine Insurance Singapore and that other companies the group has in the country suffered no damage.
Most ransomware attacks these days are also treated as data breach incidents because the attacker also steals files from the victim network before encrypting them.
Tim Starks of CyberScoop notes that Tokio Marine is the second insurer this week to announce a cyber attack, with Ryan Specialty Group also disclosing on Monday that back in April it detected unauthorized access on some employee accounts.
Some of the larger insurers fell victim to ransomware attacks earlier this year.
News URL
Related news
- French govt contractor Atos denies Space Bears ransomware attack claims (source)
- Casio says data of 8,500 people exposed in October ransomware attack (source)
- Preventing the next ransomware attack with help from AI (source)
- Ransomware on ESXi: The mechanization of virtualized attacks (source)
- OneBlood confirms personal data stolen in July ransomware attack (source)
- Enzo Biochem settles lawsuit over 2023 ransomware attack for $7.5M (source)
- Medusa ransomware group claims attack on UK's Gateshead Council (source)
- Ransomware attack forces Brit high school to shut doors (source)
- Ransomware gangs pose as IT support in Microsoft Teams phishing attacks (source)
- Security pros more confident about fending off ransomware, despite being battered by attacks (source)