Latest news with #ChainIQ
Time of India
3 hours ago
- Business
- Time of India
One of the largest banks in Europe confirms data loss after alleged cyberattack on its supplier
UBS Group AG has confirmed that company information was stolen in a cyber attack targeting one of its suppliers. This follows a report claiming that a hacker compromised the data of more than 1,30,000 employees of its supplier Chain IQ. Earlier, Swiss newspaper Le Temps reported that the employee data was published on the darknet after a ransomware attack on Chain IQ , a procurement service provider that spun off from Europe's seventh-largest bank in 2013. A hacker group identified as World Leaks, previously known as Hunters International, is reportedly responsible for the attack, according to the report. However, UBS has not confirmed the specific nature of the information that has been lost in the incident. What UBS said about the data breach In a statement to Bloomberg, the Swiss bank said: 'A cyber-attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected. As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' UBS' confirmation came after its supplier Chain IQ confirmed that it, along with 19 other companies, was targeted in a cyberattack . However, the supplier did not specify which data was compromised as well. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The leaked information reportedly included UBS CEO Sergio Ermotti's direct phone number and employee details such as addresses and office floors. Swiss private bank Pictet was also affected, but said the exposed data was limited to recent invoice details with some suppliers. 'The information obtained through the cyberattack on ChainIQ systems does not contain any client data of Pictet,' the bank noted. Recent increase in cyberattacks on European banks In 2024, cyberattacks on Swiss financial institutions increased by nearly 50%, according to the country's financial regulator, which identified outsourcing critical operations to third parties as a major operational risk. Elsewhere in Europe, the European Central Bank warned that some banks are still falling short in addressing cyber threats, pointing to data breach es at ABN Amro and Banco Santander caused by hacks at external suppliers. Xbox Games Showcase 2025 Highlights: Biggest Game Reveals, New Consoles & More! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
CNA
4 hours ago
- Business
- CNA
UBS and Pictet report data leak after cyber attack on provider, client data unaffected
ZURICH :Swiss banks UBS and Pictet said on Wednesday they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said that files containing details of tens of thousands of UBS employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. "A cyber attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected," UBS said. "As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations." The leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti, Le Temps reported. Chain IQ said it and 19 other companies were targeted in the attack, resulting in leaked data being published online on the darknet - a part of the internet not accessible through standard search engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Swiss financial market regulator Finma said it was aware of the incident and was handling it in line with established procedures. In a statement, KPMG said its infrastructure has not been affected by the cyber attack, but that it had put added safeguards in place after news of the leak. Chain IQ, which said the data was published on the afternoon of June 12, said that it could not provide any information on potential ransom demands or interactions with the attackers for security and investigative reasons. Private bank Pictet said the information stolen did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorised access. The attack was a reminder that third parties can leave even the biggest institutions exposed and that could have a potential long-term impact on Swiss banking, said Ilia Kolochenko, CEO of a Swiss-based security firm ImmuniWeb.
CNN
6 hours ago
- Business
- CNN
UBS reports a data leak after a cyber attack on a provider
Swiss banks UBS and Pictet said Wednesday that they had suffered a data leak due to a cyber attack on a provider in Switzerland, which did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said files containing details of tens of thousands of UBS (UBS) employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. 'A cyber attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected,' UBS said. 'As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' The leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti, Le Temps reported. Chain IQ said it and 19 other companies were targeted in the attack, resulting in leaked data being published online on the dark net – a part of the internet not accessible through standard search engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Chain IQ, which said the data was published on the afternoon of June 12, said that it could not provide any information on potential ransom demands or interactions with the attackers, for security and investigative reasons. Private bank Pictet said the information stolen in the incident did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorized access.
CNN
6 hours ago
- Business
- CNN
UBS reports a data leak after a cyber attack on a provider
Swiss banks UBS and Pictet said Wednesday that they had suffered a data leak due to a cyber attack on a provider in Switzerland, which did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said files containing details of tens of thousands of UBS (UBS) employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. 'A cyber attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected,' UBS said. 'As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' The leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti, Le Temps reported. Chain IQ said it and 19 other companies were targeted in the attack, resulting in leaked data being published online on the dark net – a part of the internet not accessible through standard search engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Chain IQ, which said the data was published on the afternoon of June 12, said that it could not provide any information on potential ransom demands or interactions with the attackers, for security and investigative reasons. Private bank Pictet said the information stolen in the incident did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorized access.
CNN
6 hours ago
- Business
- CNN
UBS reports a data leak after a cyber attack on a provider
Swiss banks UBS and Pictet said Wednesday that they had suffered a data leak due to a cyber attack on a provider in Switzerland, which did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said files containing details of tens of thousands of UBS (UBS) employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. 'A cyber attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected,' UBS said. 'As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' The leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti, Le Temps reported. Chain IQ said it and 19 other companies were targeted in the attack, resulting in leaked data being published online on the dark net – a part of the internet not accessible through standard search engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Chain IQ, which said the data was published on the afternoon of June 12, said that it could not provide any information on potential ransom demands or interactions with the attackers, for security and investigative reasons. Private bank Pictet said the information stolen in the incident did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorized access.
