Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack.

Upon a detection of the attack, TMiS immediately took necessary measures including the isolation of the network to prevent further damages and filed the necessary reports to local governmental agencies, said Tokio Marine Group, in a bulletin issued on Aug. 16.

Tokio Marine Group is currently identifying the scope of damages.

“At this time, we can confirm that there is no indication of a breach of any customer information nor confidential information of the group,” said the group in the statement. “We have appointed an external specialized vendor to perform a third-party analysis of the systems to verify scope of impact.”

Tokio Marine Group said the ransomware attack exclusively affected TMiS, and there is no damage or impact on other group companies.

Source: Tokio Marine Group

*This story ran previously in our sister publication Insurance Journal