Insurance Giant CNA Hit with Novel Ransomware Attack

A novel ransomware attack forced insurance giant CNA to take systems offline and temporarily shutter its website. The attack occurred earlier this week and leveraged a new variant of the Phoenix CryptoLocker malware.

The Chicago-based company—the seventh largest commercial insurance provider in the world—said it “sustained a sophisticated cybersecurity attack” on Sunday, March 21, according to a statement on the home page of its website. The statement is the only functionality the company’s site currently maintains.

“The attack caused a network disruption and impacted certain CNA systems, including corporate email,” according to the statement.

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Source: ThreatPost