French insurer Axa hit by cyberattack in Asia

A subsidiary of French insurance giant Axa was compromised by a ransomware attack, impacting its IT operations including in Malaysia. — REUTERS

A subsidiary of French insurance giant Axa has been hit by a ransomware attack affecting operations in several Asian countries, the company said Sunday, confirming a Financial Times report.

"Asia Assistance was recently the victim of a targeted ransomware attack which impacted its IT operations in Thailand, Malaysia, Hong Kong, and the Philippines," Axa Partners said in a statement.