One of the world's biggest cyber insurance companies, AXA, was hit with a ransomware attack at its offices in Asia this weekend by noted ransomware gang Avaddon.How many customers were affected by AXA's Singapore data breach?
SINGAPORE - The personal data of 5,400 customers of AXA Insurance in Singapore has been stolen due to a cyber attack. The life insurance firm sent out an e-mail to most affected customers on Thursday (Sept 7), notifying them of the data breach. The remaining affected customers will be notified by Friday (Sept 8).What does Avaddon's attack on AXA mean for the cyber insurance industry?
Avaddon's announcement of the attack on AXA's systems comes roughly a week after AXA had stated that their cyber-insurance policies written in France would no longer include reimbursement for ransomware extortion payouts.What is AXA doing about the data privacy scandal?
"AXA takes data privacy very seriously and if IPA's investigations confirms that sensitive data of any individuals have been affected, the necessary steps will be taken to notify and support all corporate clients and individuals impacted," an AXA spokesperson told BleepingComputer.