New York-based securities lending platform EquiLend Holdings confirmed in information breach notification letters despatched to staff that their information was stolen in a January ransomware assault.
The monetary know-how firm advised BleepingComputer on January 24 that it was forced to take some of its systems 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.
Although the fintech agency did not affirm LockBit’s claims, it revealed on February 2 by way of a dedicated page for sharing extra info on the incident that the January breach resulted from a ransomware assault.
Days later, Equilend stated that every one client-facing providers have been again on-line and had but to seek out proof that “consumer transaction information was accessed or exfiltrated” throughout the cyberattack.
Nonetheless, the corporate confirmed in breach notification letters lately delivered to Equilend staff that the unnamed attackers did steal their personally identifiable info (PII).
“We’re writing to tell you of a current information safety incident that concerned your EquiLend payroll and different human sources info, together with your identify, date of delivery and Social Safety quantity,” the corporate said.
“Presently, we’ve no proof from the investigation that any private info 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 providers via Identification Theft Guard Options (IDX).
EquiLend was established in 2001 by a gaggle of ten world 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 places of work in North America, EMEA, and Asia-Pacific, whereas its providers are utilized by greater than 190 corporations 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.
