Tags AXA

Cyber insurance market encounters ‘crisis moment’ as ransomware costs pile up

by Tim Starks • 2 months ago

The woes within the industry could mean significant ramifications for policyholders.

Japan's Tokio Marine is the latest insurer to be victimized by ransomware

by Tim Starks • 2 months ago

It's the third to announce a successful attack since March.

Burgeoning ransomware gang Avaddon appears to shut down, mysteriously

by Tim Starks • 4 months ago

The group had become increasingly prolific, but there were no clear answers for why Avaddon disappeared.

Insurer paid $65,000 to help a city unlock ransomware in 2018. A second hack was more expensive.

by Tim Starks • 4 months ago

The city of Azusa didn't disclose a payment in one incident, insurance paid up and now it's a victim again.

Ransomware strikes AXA shortly after insurer announces it will stop covering extortion fees

by Tim Starks • 5 months ago

AXA joins CNA Insurance as a recent ransomware attack victim in the insurance industry.

Experts suggest French insurer AXA's plan to shun ransomware payouts will set a precedent

by Tim Starks • 5 months ago

AXA's decision was surprising only in how long it took to become an apparent industry first.

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