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Global fintech firm EquiLend offline after recent cyberattack

  • January 24, 2024
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January 24, 2024 By Sergiu Gatlan

 

EquiLend

New York-based global financial technology firm EquiLend says its operations have been disrupted after some systems were taken offline in a Monday cyberattack.

Following the incident, the technology, data and analytics company also detected unauthorized access to its network and is now working to restore all affected services.

"On January 22, 2024, EquiLend identified a technical issue that placed portions of our systems offline," an EquiLend spokesperson told BleepingComputer today.

"We immediately launched an investigation and have identified a cyber security incident involving unauthorized access to our systems. We took immediate steps to secure our systems and are working methodically to restore the involved services as quickly as possible."

EquiLend has also hired the services of third-party experts to investigate the security breach and to help speed up its restoration efforts.

 

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    Equilend warns employees their data was stolen by ransomware gang

     

    March 11, 2024 By Sergiu Gatlan

     

    data theft

    New York-based securities lending platform EquiLend Holdings confirmed in data breach notification letters sent to employees that their data was stolen in a January ransomware attack.

    The financial technology company told BleepingComputer on January 24 that it was forced to take some of its systems offline two days earlier, on January 22, to contain a breach.

    While Equilend didn't immediately disclose the nature of the incident, LockBit ransomware claimed responsibility for the attack in a statement to Bloomberg.

    Even though the fintech firm didn't confirm LockBit's claims, it revealed on February 2 via a dedicated page for sharing more information on the incident that the January breach resulted from a ransomware attack.

    Days later, Equilend said that all client-facing services were back online and had yet to find evidence that "client transaction data was accessed or exfiltrated" during the cyberattack.

     

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