"Allardyce Bower Consulting (ABC) was the victim of a severe cyberattack attributed to the ransomware group Securotrop. The intrusion into the company's systems reportedly began in late August 2025, with the encryption of servers on September 7, followed by the online release of a large volume of sensitive data. ABC held a cyber insurance policy with Coalition, which covered ransomware attacks up to five million Canadian dollars."
"The policy was technically activated when ABC notified Coalition of the attack, yet it was never fully implemented - most notably, the ransom demand was not paid. It remains unclear whether Coalition also declined to cover related expenses such as legal or consulting support, but several indicators suggest a prudential stance by the insurer. The inevitable question is: why?"
"We will have the right to make any investigation we deem necessary, and you will cooperate with us in all investigations, respond to reasonable requests for information, and execute all papers and render all assistance as requested by us. You will do nothing that increases our exposure under this Policy. You will also cooperate with us and counsel in the defence of all claims and response to all events, and provide all information necessary for appropriate and effective repres"
Allardyce Bower Consulting suffered a ransomware attack by the Securotrop group that began in late August 2025, encrypted servers on September 7, and led to a large online data release. ABC held a Coalition cyber insurance policy covering ransomware up to CAD 5 million. ABC notified Coalition and the policy was technically activated, but Coalition did not fully implement the policy and declined to pay the ransom demand. It is unclear whether Coalition refused other costs such as legal or consulting support. The policy contains a Duty to Cooperate clause granting the insurer investigation rights and requiring the insured's cooperation, which may explain the refusal.
Read at DataBreaches.Net
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