A ransomware attack on Dublin-based software company ION Group has impacted the trading of financial derivatives on international markets.
ION Group describes itself as enabling “financial institutions, central banks and corporations to digitize and automate their most business critical processes.”
A pop-up notice on its site on Wednesday warned that “a cybersecurity event” that struck on Tuesday has affected its cleared derivatives unit.
The ransomware attack was caused by the prolific Russia-based LockBit gang, according to ION correspondence cited by Bloomberg.
“The incident is contained to a specific environment, all the affected servers are disconnected, and remediation of services is ongoing. Further updates will be posted when available,” ION’s statement said.
The attack is “impacting the trading and clearing of exchange traded derivatives by ION customers across global markets,” according to the Futures Industry Association (FIA).