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

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

MarQuest

MarQuest

MarQuest provides services and systems to enhance network reliability and security.

CQS (Certified Quality Systems)

CQS (Certified Quality Systems)

CQS is an organisation specialising in ISO assessment and certification, including ISO 27001, along with other management system standards.

Cryptus Cyber Security

Cryptus Cyber Security

Cryptus Cyber Security is an Information Security Training company providing advanced training and services to IT Professionals.

Australian Cyber Security Centre (ACSC)

Australian Cyber Security Centre (ACSC)

The Australian Cyber Security Centre (ACSC) brings cyber security capabilities from across the Australian Government together into a single location.

Hivint

Hivint

Hivint is a new kind of Information Security professional services company enabling collaboration between our clients to reduce unnecessary security spend.

Secure Soft

Secure Soft

Secure Soft are experts in Computer and Information Security with a presence in Peru, Colombia and Ecuador.

KOS-CERT

KOS-CERT

KOS-CERT is the national Computer Incident Response Team for Kosovo.

ICS-CSR

ICS-CSR

ICS-CSR is a research conference bringing together researchers with an interest in the security of industrial control systems.

AiCULUS

AiCULUS

AiCULUS is a global technology company that specializes in API security and Risk Management products.

Proximity

Proximity

Proximity is a leading professional services organisation providing consulting, legal and commercial advisory solutions with a focus on government and regulated industries.

Kiteworks

Kiteworks

Kiteworks (formerly Accellion) creates a dedicated Private Content Network that ensures zero-trust private content protection and compliance.

Synoptek

Synoptek

Synoptek is a global systems integrator and managed IT services provider (MSP). We offer comprehensive IT management and consultancy services to organizations worldwide.

BitLyft

BitLyft

BitLyft is a managed detection and response provider that is dedicated to delivering unparalleled protection from cyber attacks for organizations of all sizes.

Arculus Cyber Security

Arculus Cyber Security

Arculus Cyber Security enables customers to securely realise the benefits of digital transformation through pragmatic solutions, guidance and services.

Netia

Netia

Netia is a Polish telecommunications company providing a range of business services including network solutions, communications, data centre and cloud, and cybersecurity.

CYNC Secure

CYNC Secure

CYNC boosts cybersecurity remediation by consolidating fragmented data and optimizing operational processes.