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ION brings clients back online after ransomware attack: Source


(Reuters) — ION Group, the financial trading services group hit by a ransomware attack last week, started to bring clients back on to its cleared derivatives platform overnight, a person familiar with the matter told Reuters Tuesday.

Hacking group Lockbit claimed responsibility for an attack on a section of ION last week, which disrupted customers that include some of the world's biggest banks, brokerages and hedge funds.

Lockbit said last week a ransom had been paid, declining to say how much it was, or offer evidence the money had been handed over. ION declined to comment on Lockbit's statement.

The Futures Industry Association said Tuesday the companies that have been affected have been working closely with ION to get reconnected to the impacted platforms.

ION, an unlisted company based in Dublin, offers data and services to clients in the financial industry that use its technology to facilitate trading and settlement of exchange-traded derivatives. Last week's attack halted these processes.

The FIA, which represents global market participants in derivatives markets, said the situation was improving after some exchanges and clearing houses offered extensions to allow affected companies to meet clearing and reporting deadlines.