clop attacks Empire Insurance Brokerage
Incident Date:
January 5, 2022
Overview
Title
clop attacks Empire Insurance Brokerage
Victim
Empire Insurance Brokerage
Attacker
Clop
Location
First Reported
January 5, 2022
Empire Insurance Brokerage Suffers Ransomware Attack
Empire Insurance Brokerage, a leading insurance brokerage firm, has been targeted by the ransomware group Clop. The attack was announced on the group's dark web leak site, and the victim's website is www.empireins.com. The company operates in the insurance sector and has been in business for over 30 years, offering expertise and customized policies to clients.
Empire Insurance Brokerage is known for its Rise Above Case Processing, which aims to free up time for clients by expertly handling their most challenging cases. The company has a team of NAILBA certified case managers, providing the best service and case resolution. Despite their experience and certifications, the firm was still vulnerable to a ransomware attack, highlighting the need for robust cybersecurity measures in the industry.
The size of the company is not explicitly mentioned in the search results, but it is known to have a team of experts handling cases and providing customized policies. The company's website does not provide detailed information about its size or market share, but it does mention its flexibility in handling unique cases and its commitment to providing the right policy for clients.
The vulnerability of Empire Insurance Brokerage to a ransomware attack underscores the importance of cybersecurity in the insurance sector. As more companies move towards digital platforms, the risk of cyberattacks increases. It is crucial for firms to invest in robust cybersecurity measures and regularly update their systems to protect against such threats.
The attack on Empire Insurance Brokerage is not the first in the insurance sector. In 2019, a Canadian insurance firm suffered a ransomware attack, resulting in the payment of a $950,000 US ransom to unlock hijacked files. The case highlights the potential financial and reputational damage that can result from a successful ransomware attack.
The ransomware attack on Empire Insurance Brokerage serves as a reminder of the importance of cybersecurity in the insurance sector. Despite the company's expertise and certifications, it was still vulnerable to a ransomware attack, underscoring the need for robust cybersecurity measures.
Sources
- Empire Insurance Brokerage website: www.empireins.com
- Office of the Information and Privacy Commissioner of Alberta: oipc.ab.ca
- CBC News: cbc.ca
- Royal United Services Institute: rusi.org
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