UBS and Pictet report data leak after cyber attack on provider client data unaffected CNA
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ppFILE PHOTO A logo of Swiss bank UBS is seen in Zurich Switzerland May 1 2025 REUTERSDenis BalibouseFile PhotoppZURICH Swiss banks UBS and Pictet said on Wednesday they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information although a report said thousands of UBS workers data was affectedppSwiss newspaper Le Temps said that files containing details of tens of thousands of UBS employees were stolen from the Baarbased business service company Chain IQ whose website lists KPMG and Mizuho among its clientsppA cyber attack at an external supplier has led to information about UBS and several other companies being stolen No client data has been affected UBS saidppAs soon as UBS became aware of the incident it took swift and decisive action to avoid any impact on its operationsppppThe leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti Le Temps reportedppChain IQ said it and 19 other companies were targeted in the attack resulting in leaked data being published online on the darknet a part of the internet not accessible through standard search enginesppSteps and countermeasures were promptly taken and the situation was contained it said in a statementppSwiss financial market regulator Finma said it was aware of the incident and was handling it in line with established proceduresppIn a statement KPMG said its infrastructure has not been affected by the cyber attack but that it had put added safeguards in place after news of the leakppChain IQ which said the data was published on the afternoon of June 12 said that it could not provide any information on potential ransom demands or interactions with the attackers for security and investigative reasonsppPrivate bank Pictet said the information stolen did not contain its client data and was limited to invoice information with some of the banks suppliers such as technology providers and external consultantsppPictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorised accessppThe attack was a reminder that third parties can leave even the biggest institutions exposed and that could have a potential longterm impact on Swiss banking said Ilia Kolochenko CEO of a Swissbased security firm ImmuniWebpppp
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Business
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Business
ppFILE PHOTO A logo of Swiss bank UBS is seen in Zurich Switzerland May 1 2025 REUTERSDenis BalibouseFile PhotoppZURICH Swiss banks UBS and Pictet said on Wednesday they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information although a report said thousands of UBS workers data was affectedppSwiss newspaper Le Temps said that files containing details of tens of thousands of UBS employees were stolen from the Baarbased business service company Chain IQ whose website lists KPMG and Mizuho among its clientsppA cyber attack at an external supplier has led to information about UBS and several other companies being stolen No client data has been affected UBS saidppAs soon as UBS became aware of the incident it took swift and decisive action to avoid any impact on its operationsppppThe leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti Le Temps reportedppChain IQ said it and 19 other companies were targeted in the attack resulting in leaked data being published online on the darknet a part of the internet not accessible through standard search enginesppSteps and countermeasures were promptly taken and the situation was contained it said in a statementppSwiss financial market regulator Finma said it was aware of the incident and was handling it in line with established proceduresppIn a statement KPMG said its infrastructure has not been affected by the cyber attack but that it had put added safeguards in place after news of the leakppChain IQ which said the data was published on the afternoon of June 12 said that it could not provide any information on potential ransom demands or interactions with the attackers for security and investigative reasonsppPrivate bank Pictet said the information stolen did not contain its client data and was limited to invoice information with some of the banks suppliers such as technology providers and external consultantsppPictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorised accessppThe attack was a reminder that third parties can leave even the biggest institutions exposed and that could have a potential longterm impact on Swiss banking said Ilia Kolochenko CEO of a Swissbased security firm ImmuniWebpppp
Subscribe to our Chief Editors Week in Review
pp
Our chief editor shares analysis and picks of the weeks biggest news every Saturday
ppGet our pick of top stories and thoughtprovoking articles in your inboxppStay updated with notifications for breaking news and our best storiesppGet WhatsApp alertsppJoin our channel for the top reads for the day on your preferred chat appppCopyright Mediacorp 2025 Mediacorp Pte Ltd All rights reservedppWe know its a hassle to switch browsers but we want your experience with CNA to be fast secure and the best it can possibly beppTo continue upgrade to a supported browser or for the finest experience download the mobile appppUpgraded but still having issues Contact usp
