Finance & Banking , Incident & Breach Response , Industry Specific

Lloyd's of London Says It Found No Evidence of Breach

Insurance Marketplace Giant Teamed With Mandiant and NTT
Lloyd's of London Says It Found No Evidence of Breach
Inside the Lloyd's building (Image: Lloyd's of London)

Days after taking systems offline due to "suspicious activity" on its network, Lloyd's of London says it has turned up no evidence of a compromise.

See Also: Securing the Cloud for Financial Services

A Wednesday statement from the U.K. insurance and reinsurance marketplace giant says its network is fully restored. An investigation conducted with outside expertise by Mandiant and NTT turned up no evidence of a compromise. "Nor was any data compromised," the corporation added.

A Lloyd's spokesman told Information Security Media Group the company will continue to closely monitor its network for signs of hacking.

The marketplace last week acknowledged a probe into potential hacking causing it to enter into voluntary downtime (see: Lloyd's of London Detects Suspicious Network Activity).

Possible motives for a malicious hacker to target Lloyd's aren't in short supply. For one thing, Lloyd's has been active in applying international sanctions against Russia launched after Moscow's invasion of Ukraine.

"Lloyd's supports and remains focused on the delivery of a global sanctions regime against the Russian state," a spokesperson told Reuters in June.

Even before Russia's February invasion, European regulators warned that "insurance groups are a natural target for cyberattacks" due to the confidential policyholder data they maintain.

About the Author

Akshaya Asokan

Akshaya Asokan

Senior Correspondent, ISMG

Asokan is a U.K.-based senior correspondent for Information Security Media Group's global news desk. She previously worked with IDG and other publications, reporting on developments in technology, minority rights and education.

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