Ransomware attack on data firm ION could take days to fix -sources

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Ransomware attack on data firm ION could take days to fix -sources
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A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters.

The Futures Industry Association said issues at ION had affected the trading and clearing of exchange-traded financial derivatives, although there had been no reports of margin problems in financial markets.

Intesa Sanpaolo told clients that its brokerage and clearing operations on exchange-traded derivatives had been "severely hampered" by IT problems at ION and that it was not able to handle orders. Lockbit said it would publish stolen data on Feb. 4 if ION Group failed to pay a ransom, a screenshot of the group's blog on the dark web on darkfeed.io, a website which tracks ransomware groups, showed.

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