Ransomware Hit on ION Group Delays EU Derivatives Trades

Reports Say Russian LockBit Group Carried Out Attack on Trading Software Firm
Attackers this week locked up the business of London-based ION Cleared Derivatives, a software firm that supports derivatives trading, forcing major European banks to process trades manually and prompting a major futures exchange to delay the settlement of trades for two hours.

attack banks business derivatives exchange futures ion ion group lockbit locked london major process ransomware reports russian settlement software trading