Social Mixer 2024 Singapore
marketing interactive Content360 Singapore 2024 Content360 Singapore 2024
Tokio Marine Insurance Singapore falls victim to ransomware cyberattack

Tokio Marine Insurance Singapore falls victim to ransomware cyberattack

share on

Insurance holding company Tokio Marine Insurance Singapore has fallen prey to a ransomware cyberattack. Upon detection of the attack, the company said it immediately took necessary measures including the isolation of the network to prevent further damages and filed the necessary reports to local governmental agencies. 

In response, it has also been working to identify the scope of damages. The company confirmed that there is no indication of a breach of any customer information nor confidential information of the Group. Tokio Marine has also appointed an external specialised vendor to perform a third-party analysis of the systems to verify the scope of impact. It also confirmed that the attack exclusively affected Tokio Marine Insurance Singapore and there was no damage or impact on other group companies.

"We sincerely apologise for any inconvenience and concern caused to our customers or related parties. The Group has taken information security safeguards so far and will endeavour to make further efforts to keep our customer information as well as our confidential information protected," the company said. It added that it will appropriately respond to the case in cooperation with local governmental agencies as well as external specialised vendors. 

Separately, StarHub and OrangeTee have recently fallen prey to data breaches. Personal information of more than 57,000 customers subscribed to StarHub before 2007 was discovered to have been uploaded illegally on a third-party data dump website. Meanwhile, OrangeTee's holding company, OT Group, also experienced a security breach on 6 August after it received an email from a third-party claiming to have accessed its IT network.

Join our Digital Marketing Asia conference happening from 9 November 2021 - 25 November 2021 to learn about the upcoming trends and technologies in the world of digital. Check out the agenda here. 

Photo courtesy: 123RF

Related articles: 
StarHub and real estate group OrangeTee fall victim to data breaches
Omnicom Media Group reportedly falls prey to cyber attack
Isentia enters into trading halt following cyber security incident 
Report: Caving to ransomware demands doubles the cost to companies

share on

Follow us on our Telegram channel for the latest updates in the marketing and advertising scene.

Free newsletter

Get the daily lowdown on Asia's top marketing stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's marketing development – for free.

subscribe now open in new window