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ION Group suffers LockBit ransomware attack


Financial software developer ION Group has been the victim of a ransomware-type cyberattack allegedly perpetrated by the LockBit Group. Specifically, it was its ION Cleared Derivatives division (a subsidiary of ION Markets), a third-party provider for automating the derivatives trading cycle and clearing process.

According to the company's official statement, the incident is contained within a specific environment. All affected servers are offline and repair of services is ongoing. ION Group is also working with affected members, including clearing firms and exchanges, as well as market regulators and others, to assess the extent of the impact on trading, processing and clearing.