A recent ransomware(opens in new tab) attack against ION Group has sent ripples throughout the finance industry and trading world, being so disruptive that the FIA global trading organization released a statement saying it jumped in to help affected members.
ION Group is a UK-based software company that develops solutions for banks and other financial institutions, with its products used for trading, investing, financial management, and analysis.
In late January 2022, it released a short statement saying one of its departments, ION Cleared Derivatives, was hit with a cyberattack.