
CNA Financial, one of the largest US insurance companies, paid $40 million as ransom following a cyberattack that occurred in March 2021, according to a report from Bloomberg. Two people familiar with the attack who asked not to be named because they weren’t authorized to discuss the matter publicly, provided some details.
“According to the two people familiar with the CNA attack, the company initially ignored the hackers’ demands while pursuing options to recover their files without engaging with the criminals. But within a week, the company decided to start negotiations with the hackers, who were demanding $60 million. Payment was made a week later, according to the people.”
In a security incident update published on May 12, 2021, CNA said it did “not believe that the systems of record, claims systems, or underwriting systems, where the majority of policyholder data – including policy terms and coverage limits – is stored, were impacted.”
CNA is not commenting on the ransom.
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