Attack occurs a week after insurance company announced it will no longer underwrite cyber-insurance policies covering ransomware.
Insurance giant Axa has confirmed that one of its businesses in Asia was hit by a ransomware attack and will be investigating “some data processed in Thailand was accessed”.
According to Reuters Axa stated the attack targeted its Asia Assistance division, impacting IT operations in Thailand, Malaysia, Hong Kong and the Philippines.
“As a result, certain data processed by Inter Partners Asia (IPA) in Thailand has been accessed,” the company stating.
According to media reports a dark web post by the alleged cybercriminals ransomware called Avaddon, which was used to compromise data through theft.
The attack comes just after a week Axa announced it would stop writing cyber-insurance policies that cover customers for extortion payments to ransomware attackers.
According to Euronews in May, AXA said it made the decision in response to concerns aired by French justice and cybersecurity officials during a Senate roundtable in Paris in April about the global epidemic of ransomware, in which France is the second worst-hit country in the world after the US.
The ransomware attack comes just after a week, US oil company, Colonial Pipeline announced it had paid US$5 million for a ransomware attack, which is currently raising the price of car fuel in America.
