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Wall Street’s Stock-Lending Tech Firm Goes Down in Cyberattack | #ransomware | #cybercrime


The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial-technology firm that processes trillions of dollars of securities-lending transactions every month.

The company, partly owned by some of the world’s biggest financial-services companies, identified a “technical issue” on Jan. 22 that caused portions of its systems to go offline, a spokesperson for New York-based EquiLend said in an emailed statement Wednesday. The incident involved “unauthorized access to our systems,” the spokesperson said.



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