AXA Faces DDoS After Ransomware Attack

By Phil Muncaster for Infosecurity Magazine
Tuesday, May 18, 2021

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The incident comes just days after AXA announced a new policy in France whereby it would no longer reimburse customers for any ransomware payments made to threat groups. The stance had been praised by security experts who believe that cyber-insurance payments are perpetuating the global problem of ransomware.

ImmuniWeb founder and CEO, Ilia Kolochenko, argued that the jurisdictions affected have weaker data protection regulations than Europe.

“The financial and legal consequences of the breach in the EU or Singapore would have been much higher,” he added. “This incident also emphasizes the importance of a third-party risk management program to protect corporate data.” Read Full Article