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It determined to carry the companies again in-house in 2020, and it and Exela started to function beneath a brand new settlement in 2021.
A ransomware group hacked Exela in June 2022, and Aflac was unable to make use of key software program concerned with declare processing.
Aflac spent $355,927 to deal with the disruption.
The termination: Aflac despatched Exela a termination discover in 2023.
Exela agreed to refund Aflac a complete of $975,500, together with $500,000 by Sept. 15, 2023, and $475,000 by Oct. 15, 2023. As an alternative, it paid Aflac $100,000 Sept. 22, 2023, and nothing else, Aflac stated.
The hackers: The Exela hack was in all probability the work of the Hive community, based on press accounts primarily based on an entry that the Hive community posted on its darkish net weblog.
Federal investigators say the Hive community has attacked about 1,500 victims, together with hospitals and college districts in addition to monetary companies firms.
The U.S. State Division is providing a reward of as much as $10 million for data that helps establish or find any Hive group leaders and a $5 million reward for data resulting in the arrest or conviction of any Hive group hackers.
Credit score: Sergey Nivens/Adobe Inventory
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