EquiLend hit by ransomware

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US fintech company EquiLend has experienced a ransomware attack, forcing Wall Street banks to manually process certain securities lending transactions.

Ransomware group LockBit took responsibility for the attack, though no further details on the specifics or repercussions of the incident have been released.

This incident highlights the ongoing threat of ransomware attacks and the need for robust cybersecurity measures in the financial technology sector.

EquiLend, a US-based fintech company, has suffered a ransomware attack that has impacted Wall Street banks. The attack, apparently orchestrated by the ransomware gang LockBit, has forced the banks to resort to manual processing for certain securities lending transactions. No further information on the specifics of the attack or its repercussions has been made public. This incident points to the ongoing threat of ransomware attacks in the financial technology sector, highlighting the need for robust cybersecurity measures across the industry.

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