Fintech Company EquiLend Restoring Systems Following Cyberattack

Fintech Company EquiLend Restoring Systems Following Cyberattack

January 25, 2024 at 11:48AM

EquiLend, a Wall Street fintech firm, is working to restore its systems after a cyberattack. The attack resulted in portions of the company’s systems being taken offline, prompting EquiLend to launch an investigation and work with external cybersecurity firms to restore services. The nature and extent of the attack, as well as any data theft, remain undisclosed.

Key Takeaways from the EquiLend Cyberattack Incident:

– EquiLend, a fintech firm, experienced a cyberattack on January 22, 2024, which resulted in a technical issue that took portions of its systems offline.
– The firm quickly launched an investigation and engaged with external cybersecurity firms and professional advisers to assist in the restoration of services.
– EquiLend has not disclosed the nature or extent of the cyberattack, but the incident suggests that ransomware may have been involved.
– It remains unclear if any data was stolen during the attack, as the firm has refrained from providing additional details to the press.
– This incident adds EquiLend to the list of fintech companies, including Mr. Cooper and LoanDepot, that have recently fallen victim to cyberattacks.

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