US fintech EquiLend has experienced a ransomware attack that has disrupted securities lending transactions for Wall Street banks, forcing them to revert to manual processing. Ransomware group LockBit has claimed responsibility for the attack. Although EquiLend has not disclosed the extent of the disruption, the incident highlights the vulnerability of the financial sector to cyberattacks and the potential impact on critical operations.
EquiLend hit by ransomware, shaking US Fintech’s cyber security.
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