Call us now:
Wall Street stock lending firm EquiLend is resolving a cyber attack. The platform executes $2.4 trillion of securities transactions per month and recently announced that it was closing the acquisition of a majority stake by Private Equity. That may have triggered the ransomware.
One suspects that financial regulators will be taking a look at the incident, if it lasts to long. The New York Financial Services Director recently updated NYDFS regulations, the SEC cares allot about market infrastructure and the DTCC about clearing.
As an international firm one waits to see the impact, if any, of the hack on trades across Europe and APAC.
Ted Dziekanowski Brian D. McCarthy
Veritas GRC
#cybersecurity #cyberriskmanagement #cyberlegal #cyberattack
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