New York-based securities lending platform EquiLend Holdings confirmed in data breach notification letters despatched to staff that their knowledge was stolen in a January ransomware assault.
The monetary know-how firm instructed BleepingComputer on January 24 that it was compelled to take a few of its methods 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 accountability for the assault in a press release to Bloomberg.
Regardless that the fintech agency did not verify 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 mentioned that each one client-facing companies have been again on-line and had but to seek out proof that “consumer transaction knowledge was accessed or exfiltrated” throughout the cyberattack.
Nonetheless, the corporate confirmed in breach notification letters not too long ago delivered to Equilend staff 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 sources data, together with your identify, date of start and Social Safety quantity,” the corporate mentioned.
“Presently, we have now no proof from the investigation that any private data has been used to commit id theft or fraud.”
Though no indicators of fraudulent exercise utilizing the stolen data have been detected but, Equilend is offering affected staff with two years of free id theft safety companies via Identification Theft Guard Options (IDX).
EquiLend was established in 2001 by a bunch 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 staff 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 members additionally use Equilend’s Subsequent Era Buying and selling (NGT) multi-asset securities buying and selling platform in transactions value greater than $2.4 trillion month-to-month.
