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EquiLend Ransomware Attack Impact
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EquiLend, a market utility owned by major banks, faced a ransomware attack leading to disruptions in trading risks and increased capital costs. The incident resulted in a blackout from Jan. 22 to Feb. 5, impacting post-trade services and causing market disruptions, emphasizing cybersecurity risks and backup plan necessity.
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How can financial institutions enhance their cybersecurity measures after the EquiLend incident?
How could the EquiLend hack impact investor confidence in market utilities and related industries?
What regulatory changes might be prompted by this cyber attack on a major market utility?
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