Lloyd's shuts down its systems amid possible cyberattack

The UK’s commercial insurance marketplace Lloyd's of London has temporarily shut down its network and systems as it’s investigating a possible cyberattack.

Earlier yesterday, Lloyd’s detected unusual activity on its network, starting an investigation.

All market participants and relevant parties were made aware of the incident.

Following the possibility of a cyberattack, the marketplace shut down and reset its systems as a “precautionary measure.”

“All external connectivity has been turned off, including Lloyd’s delegated authority platforms,” a Lloyd’s spokesperson said, according to The Record. “We have informed market participants and relevant parties, and we will provide more information once our investigations have concluded.”

The investigation is currently ongoing, with more information expected to follow.

Back in June, Lloyd's of London announced that it was cooperating with British and international governments to impose sanctions against Russia. A coordinated ban by Britain and the European Union prohibited insuring ships carrying Russian oil.