One of the US’s largest insurance companies reportedly paid $40 million to ransomware hackers

One of the US’s largest insurance companies reportedly paid $40 million to ransomware hackers


Illustration by Alex Castro / The Verge

CNA Financial, one of the largest US insurance companies, paid $40 million to free itself from a ransomware attack that occurred in March, according to a report from Bloomberg. The hackers reportedly demanded $60 million when negotiations started about a week after some of CNA’s systems were encrypted, and the insurance company paid the lower sum a week later.

If the $40 million figure is accurate, CNA’s payout would rank as one of the highest ransomware payouts that we know about, though that’s not for lack of trying by hackers: both Apple and Acer had data that was compromised in separate $50 million ransomware demands earlier this year. It also seems like the hackers are looking for bigger payouts: just this week we saw reports that C…

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