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Wednesday 01 February 2023 8:52 pm  |  Updated:  Wednesday 01 February 2023 8:53 pm

Ion Markets cyber attack disrupts derivatives trading

By: Laura McGuire

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Darktrace. ShadowFall. Short seller.
The fund, led by ‘dark destroyer’ Matthew Earl, has shorted 0.52 per cent of Darktrace’s stock.

Financial data group Ion Markets suffered a cyber attack yesterday, according to reports, which caused disruption to derivatives trading.

The attack was “contained to a specific environment” and “all the affected servers are disconnected” Ion Markets said, according to a Financial Times report.

CityAM has approached Ion Markets for a comment.

A statement made by US trade association Future Industry Association (FIA) said that it was “aware” that the Dublin based data group had suffered “network issues caused by a cyber incident on certain ION Group systems”.

The FIA said that it is working with impacted members, including clearing firms and exchanges, as well as market regulators, to “assess the extent of the impact on trading, processing, and clearing”.

Read more

Jaguar Land Rover eyes cost-cutting and wealthy buyers in cyber attack recovery

JLR logo prominently displayed on a modern office building, representing innovation and leadership in the automotive industry

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