Lloyd’s says that no breach detected after cyber security alert

Lloyd’s has said that an investigation into unusual activity detected on its network last week had found no evidence that the network had been compromised.

In a statement yesterday October 10th Lloyd’s said that unusual activity was detected on the Lloyd’s network last week and that as a result a proactive decision was made to take some systems offline and perform a cyber security investigation. This was led by a dedicated team and two specialist partners, Mandiant and NTT.

“The investigation has concluded that no evidence of any compromise was found and as such Lloyd’s has been advised that its network services can now be restored”, the organization responsible for administrating the London market of insurers and reinsurers stated.

“We continue to work with our partners to monitor the IT environment as we restore services to the market, which we currently anticipate to complete by Wednesday October 12th.”.

The cyber threat emerged in the middle of last week and on Wednesday Lloyd’s took swift action, resetting its systems and switching off all external connectivity.