New York-based securities lending platform EquiLend Holdings confirmed in data breach notification letters despatched to workers that their knowledge was stolen in a January ransomware assault.
The monetary expertise firm instructed BleepingComputer on January 24 that it was compelled to take a few of its techniques offline two days earlier, on January 22, to include a breach.
Whereas Equilend did not instantly disclose the character of the incident, LockBit ransomware claimed duty for the assault in an announcement to Bloomberg.
Regardless that the fintech agency did not affirm LockBit’s claims, it revealed on February 2 through a devoted web page for sharing extra data on the incident that the January breach resulted from a ransomware assault.
Days later, Equilend stated that every one client-facing companies have been again on-line and had but to search out proof that “consumer transaction knowledge was accessed or exfiltrated” in the course of the cyberattack.
Nonetheless, the corporate confirmed in breach notification letters lately delivered to Equilend workers that the unnamed attackers did steal their personally identifiable data (PII).
“We’re writing to tell you of a current knowledge security incident that concerned your EquiLend payroll and different human assets data, together with your title, date of delivery and Social Safety quantity,” the corporate stated.
“Right now, now we have no proof from the investigation that any private data has been used to commit identification theft or fraud.”
Though no indicators of fraudulent exercise utilizing the stolen data have been detected but, Equilend is offering affected workers with two years of free identification theft safety companies by Id Theft Guard Options (IDX).
EquiLend was established in 2001 by a gaggle of ten international banks and broker-dealers, which included Financial institution of America Merrill Lynch, BlackRock, Credit score Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, Nationwide Financial institution of Canada, Northern Belief, State Road, and UBS.
It now has over 330 workers and workplaces in North America, EMEA, and Asia-Pacific, whereas its companies are utilized by greater than 190 companies worldwide, together with company lending banks, hedge funds, and broker-dealers.
Securities finance market contributors additionally use Equilend’s Subsequent Era Buying and selling (NGT) multi-asset securities buying and selling platform in transactions price greater than $2.4 trillion month-to-month.
