What was the duration of the system outage?
The system outage lasted for 22 days.
Yanuki
ARTICLE DETAIL
PHLY, FICOH, and TMA Recover from Cyberattack After 22-Day Outage | Tim NeCastro Retires as Erie Insurance CEO After 10-Year Run | Erie Insurance Faces Lawsuit Over Nashville Gas Station Tornado Damage Claim | Bond Reinstated as Trial Relocates for Former Erie Insurance Employee Accused of Threats | Erie Insurance Credit Rating Downgraded: What It Means for Customers | Erie Insurance Wins Pennsylvania Court Case on UIM Regular Use Exclusion | Erie Insurance Restores Operations After Month-Long Outage; BMW Blamed for Mini Cooper Fire | Erie Insurance Completes Recovery After Cybersecurity Incident | PHLY, FICOH, and TMA Recover from Cyberattack | PHLY, FICOH, and TMA Recover from Cyberattack After 22-Day Outage | Tim NeCastro Retires as Erie Insurance CEO After 10-Year Run | Erie Insurance Faces Lawsuit Over Nashville Gas Station Tornado Damage Claim | Bond Reinstated as Trial Relocates for Former Erie Insurance Employee Accused of Threats | Erie Insurance Credit Rating Downgraded: What It Means for Customers | Erie Insurance Wins Pennsylvania Court Case on UIM Regular Use Exclusion | Erie Insurance Restores Operations After Month-Long Outage; BMW Blamed for Mini Cooper Fire | Erie Insurance Completes Recovery After Cybersecurity Incident | PHLY, FICOH, and TMA Recover from Cyberattack
Cyber Risk / Incident Response
PHLY, FICOH, and TMA Recover from Cyberattack After 22-Day Outage
Tokio Marine-owned Philadelphia Insurance Companies (PHLY), First Insurance Company of Hawaii, and Tokio Marine North America (TMA) have successfully recovered from a 22-day system outage following a cyberattack.
Key Insights
- PHLY, FICOH, and TMA experienced a cyberattack that led to a 22-day system outage.
- All core insurance systems have been fully restored.
- The cyberattack occurred on June 9th.
In-Depth Analysis
Philadelphia Insurance Companies (PHLY), First Insurance Company of Hawaii (FICOH) and Tokio Marine North America (TMA), all under Tokio Marine, faced a significant disruption after an unauthorized actor infiltrated their networks on June 9th. The incident resulted in a 22-day system outage, affecting core insurance operations. The successful restoration of these systems highlights the importance of robust cybersecurity measures and incident response plans in the insurance industry.
FAQ
Which companies were affected by the cyberattack?
Philadelphia Insurance Companies (PHLY), First Insurance Company of Hawaii (FICOH), and Tokio Marine North America (TMA).
Takeaways
- Cyberattacks are a real threat to insurance companies and can cause significant operational disruptions.
- Companies must invest in strong cybersecurity defenses and incident response plans.
- Rapid recovery from cyberattacks is essential to minimize damage and maintain customer trust.
Discussion
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Sources
Disclaimer
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