New York-based global financial technology firm EquiLend says its operations have been disrupted after some systems were taken offline in a Monday cyberattack.
“On January 22, 2024, EquiLend identified a technical issue that placed portions of our systems offline,” an EquiLend spokesperson told BleepingComputer today.
EquiLend has also hired the services of third-party experts to investigate the security breach and to help speed up its restoration efforts.
News of the attack comes less than a week after Equilend announced that it will be acquired by U.S. private equity firm Welsh, Carson, Anderson & Stowe.
EquiLend was founded in 2001 by a consortium of ten global banks and broker-dealers, including Bank of America Merrill Lynch, BlackRock, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, National Bank of Canada, Northern Trust, State Street, and UBS. The company has more than 330 employees in offices around North America, EMEA and Asia-Pacific, and its services are now being used by more than 190 firms worldwide, including agency lending banks, hedge funds, and broker-dealers.
First American takes IT systems offline after cyberattack.