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Insurer AXA hit by ransomware and DDoS attacks
Monday, May 17, 2021
The Financial Times, 'a person familiar with the matter', said the ransomware attack on AXA happened before it decided to change its approach for French customers.
Commenting on the attack, Ilia Kolochenko, founder and CEO of ImmuniWeb and a member of Europol Data Protection Experts Network said AXA could count itself fortunate that the attack had not happened in Europe.
"Luckily for AXA, most of the allegedly affected … have much weaker data protection laws compared to GDPR in Europe, or even have no national data protection law. The financial and legal consequences of the breach in the EU or Singapore would have been much higher." Read Full Article
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