Security News > 2024 > January > EquiLend drags systems offline after admitting attacker broke in

EquiLend drags systems offline after admitting attacker broke in
2024-01-25 14:00

US securities lender EquiLend has pulled a number of its systems offline after a security "Incident" in which an attacker gained "Unauthorized access".

EquiLend first spotted the attack on January 22 and a statement by the Wall Street staple confirmed there was unauthorized access to part of its infrastructure.

"On January 22, 2024, EquiLend identified a technical issue that placed portions of our systems offline," the company said.

The crims claim they're currently in negotiations with EquiLend.

Staff at the EquiLend, which processes trillions of dollars in transactions every month, have reportedly resorted to manual operations while systems are being brought back online.

Another mortgage lender, Mr Cooper, also admitted crims had broken into its systems in December, saying 14.7 million people's data was stolen in an attack that is expected to cost up to $25 million to clean up.


News URL

https://go.theregister.com/feed/www.theregister.com/2024/01/25/cybersecurity_incident_forces_equilend_to/