City of London on High Alert After Ransomware Attack

The City of London’s primary trading software supplier was the target of a suspected ransomware attack this week, which appears to have disrupted activity in the derivatives market.

In a brief statement published on Tuesday, Ion Cleared Derivatives claimed that on that day, a “cybersecurity event” had impacted some of its services.

“The incident is confined to a particular environment. All affected servers have been disconnected, and services are currently being remedied. When they become available, more updates will be posted, it was added.

According to reports, the attack on the provider, whose software is essential to derivatives trading globally, has affected 42 clients read the complete article City of London on High Alert After Ransomware Attack.

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