New car insurance company says it’s been hit by a ransomware attack

The company that owns car insurance that was hit by ransomware attacks has told the Australian Securities Exchange that it’s had to switch to a new security system.

Ransomware is a type of computer virus that encrypts files and steals information.

A company called Smart Insurers said it had experienced an internal ransomware attack and had switched to a cloud-based security system, which it described as “secure and reliable”.

Smart Insurers, which has a turnover of $6.4 million, said it was not immediately clear when it had received the ransomware, but that it had not experienced any customer issues.

It said that after a ransomware threat in early March it had switched back to the cloud-computing system, but had found it to be insecure and not secure enough to handle a typical ransomware attack.

“We were unable to continue to offer coverage in the market for several months, which was a reflection of our internal security measures,” the company said.

On Friday, Smart Insurances said it believed that a “cryptocurrency” or digital currency was behind the ransomware attacks, and it had installed a new, secure version of its software that it said would “provide protection against future ransomware attacks”.

The company said it did not know when the ransomware had been removed from its system.

“We do not have an indication when the malware was removed from our system or how long the malware remains on our system, so we cannot say for sure whether this threat is over,” it said in a statement.

But it said it has “completed” the switch to the new security software.

SmartInsurers said in March that it was in discussions with the Australian Cyber Security Centre (ACSC) about moving its business from its Melbourne office to a regional office.

The move came as the Australian government said it could no longer guarantee data security in the digital currency world.

According to the Australian Financial Review, SmartInsurers was one of the first insurers to introduce a policy that required its customers to lock down their computers.

In March, the Australian Competition and Consumer Commission (ACCC) announced a “digital insurance policy” for car insurance in which customers would be required to lock their computers and to pay a subscription fee.

That policy is currently in the early stages of testing.

Meanwhile, another company, T-Mobile, said that it would soon introduce its own “digital” policy that it called the “smart insurance policy”.

“The T-mobile smart insurance policy will allow you to choose from different smart insurance providers including Smart Insurer, Smart Insurance Australia, Smart Travelers, and Smart Insured,” the policy said.

“You will be able to choose a plan that includes coverage of all types of insurance, including car, health and accident insurance, auto insurance, property and life insurance and more.”

T-Mobile has not responded to the ABC’s request for comment.

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