Ransom Attack On Financial Services Software Supplier 

Uploaded on 2023-02-02 in FREE TO VIEW, BUSINESS-Services-Financial

A ransom attack by Russian-linked cyber criminals on a key supplier of trading software to the City of London has disrupted activity in the financial derivatives market. Ion Cleared Derivatives, a key supplier of trading software to the City of London, has released a statement confirming that it was hit by a suspected ransomware attack. 

Ion is a critical component of the UK’s financial system, with its software playing a vital role in the trading of debt, derivatives and shares around the world. According to sources, as many as 42 individual clients were affected by the attack. 

The attack took place on January 31st, affecting some of its services and disrupting activity in the derivatives market. According to Ion, the incident has been contained to a specific environment and the affected servers disconnected. The company plans to post more updates regarding the incident as they are available.

Clients were unable to contact Ion by telephone and had to make an in-person journey to the provider’s office. “The incident is contained to a specific environment, all the affected servers are disconnected, and remediation of services is ongoing,” Ion announced on its website.

The attack has been linked to the Russian connected LockBit ransomware group, which has targeted other key organisations in London over the recent months, including an attack on the Royal Mail and supply chain attacks such as this one can have far-reaching effects on entire industries.

Ion Group:    Armchair Trader:     Oodaloop:    Infosecurity-Magazine:     MSN:    Cybernews:  

You Might Also Read: 

Securing The Future Of Open Finance:

___________________________________________________________________________________________

If you like this website and use the comprehensive 6,500-plus service supplier Directory, you can get unrestricted access, including the exclusive in-depth Directors Report series, by signing up for a Premium Subscription.

  • Individual £5 per month or £50 per year. Sign Up
  • Multi-User, Corporate & Library Accounts Available on Request

Cyber Security Intelligence: Captured Organised & Accessible

 

« Cyber Attack On Ship Management Operating Technology
Latvia's Defence Ministry Targeted   »

CyberSecurity Jobsite
Perimeter 81
Cyrin

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Go Cyber

Training that transforms behaviours

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

LockLizard

LockLizard

Locklizard provides PDF DRM software that protects PDF documents from unauthorized access and misuse. Share and sell documents securely - prevent document leakage, sharing and piracy.

authen2cate

authen2cate

Authen2cate offers a simple way to provide application access with our Identity and Access Management (IAM) solutions for enterprise, small business, and individual customers alike.

Cynet

Cynet

Cynet simplifies security by providing a rapidly deployed, comprehensive platform for detection, prevention and automated response to advanced threats with near-zero false positives.

NUS-Singtel Cyber Security R&D Lab

NUS-Singtel Cyber Security R&D Lab

NUS-Singtel Cyber Security R&D Lab conducts research into predictive security analytics.

AVG Technologies

AVG Technologies

AVG is focused on providing home and business computer users with the most comprehensive and proactive protection against computer security threats.

BitSight Technologies

BitSight Technologies

BitSight transforms how companies manage information security risk with objective, verifiable and actionable Security Ratings.

Invensis Learning

Invensis Learning

Invensis Learning is a professional training and certification company providing IT Service Management, IT Security & Governance, DevOps, Cloud Computing and Digital Awareness training.

Cyber Security Specialists

Cyber Security Specialists

Cyber Security Specialists Limited provide Security services across a wide range of markets, from multi-national Corporate Organisations and Government Agencies, through to smaller Businesses.

RCDevs

RCDevs

RCDevs is an award-winning Software company providing security solutions designed for modern enterprise technologies and suited for SMEs to large corporations.

T-REX

T-REX

T-REX is a coworking space, technology incubator, and entrepreneur resource center for technology startups.

DeepView

DeepView

DeepView delivers a unified platform for managing risk on digital platforms. One interactive secure portal allowing employees to engage their networks securely and compliantly.

HacWare

HacWare

HacWare is a data driven cybersecurity awareness product that leverages machine learning and behavior analytics help IT professionals combat phishing.

SHe CISO Exec

SHe CISO Exec

SHe CISO Exec is a sustainable global training and mentoring platform in information security and leadership.

Boxphish

Boxphish

Boxphish provides a proven solution to reduce Human Error and Cyber Human Risk via automated learning journeys and intelligent phishing simulations.

Digital Boundary Group (DBG)

Digital Boundary Group (DBG)

Digital Boundary Group (DBG) is an information technology security assurance services firm providing information technology security auditing and compliance assessment services to clients worldwide.

Novacoast

Novacoast

Novacoast helps organizations find, create & implement solutions for a powerful security posture through advisory, engineering, development & managed services.

Mindflow

Mindflow

Mindflow is dedicated to bringing answers to the challenges the cybersecurity field and beyond face today.