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EquiLend systems offline, thwarted by cyber attack

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TLDR:

– Financial technology firm EquiLend experienced a cyber security incident on January 22, leading to the temporary offline status of some of its systems, including NGT and DataLend.
– EquiLend launched an investigation and is working with external cybersecurity firms and professional advisers to restore service, but warns that it may take several days.

EquiLend, a financial technology firm, has been targeted by a cyber attack which has resulted in parts of its systems going offline. The incident was identified on January 22, and EquiLend has since launched an investigation and enlisted the help of external cybersecurity firms to assist in restoring service. The affected systems are believed to include NGT and DataLend. EquiLend has also notified clients that the restoration process may take several days. This cyber attack comes at a time when EquiLend has announced that it will be acquired by Welsh, Carson, Anderson & Stowe (WCAS), who will own a majority stake in the company.

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