Annuity Issuer Parent Company Fights Ransomware Attack

Group 1001 is fighting back against ransomware attackers.

The Zionsville, Indiana-based parent of Delaware Life, Clear Spring Life and other annuity issuers announced Wednesday that after discovering ransomware infiltration on Feb. 9, it called the FBI and has hired outside experts to help it investigate the attack.

“Based on our investigation to date, our forensic experts have confirmed that the ransomware code deployed in our environment has been contained and will not spread to any other internal or external systems,” Group 1001 said. “We did not pay a ransom.”

The company said it has now resumed normal operations.

What It Means

Cybercrooks are still out there looking for outdated software, easy-to-guess passwords and other weaknesses they can use to attack your firm, your clients and your clients’ financial services providers.

Group 1001

Daniel Towriss, a Guggenheim Partners insurance dealmaker, organized an effort to acquire the Sun Life Financial U.S. annuity business in 2012. The group completed the deal in 2013.