Brazilian insurance giant Porto Seguro hit by cyberattack

One of Brazil’s largest insurance groups, Porto Seguro has reported it suffered a cyberattack that resulted in instability to its service channels and some of its systems.

The company reported the incident to the Securities and Exchange Commission (CVM) on Thursday (14), saying that it “promptly activated all security protocols” and that it has been gradually restoring its operating environment and working towards resuming normal business as soon as possible.

Porto Seguro did not disclose any further details in relation to the type of attack it has suffered, but noted that so far, no data leakage had been identified in relation to the company, or its subsidiaries, customers or partners, including any personal data.

Third largest insurance company in Brazil, Porto Seguro leads the car and residential insurance segments in Brazil and has around 10 million clients across its various business lines including credit provision. The company is headquartered in São Paulo, with subsidiaries in Brazil and Uruguay employing more than 13,000 staff.

The company is the latest of a list of major Brazilian organizations suffering major security incidents over recent weeks. Earlier this month, CVC, one of the country’s largest travel operators, was hit by a ransomware attack that brought

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