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Wall Street stock-lending platform crashes in ransomware attack

American Banker

The criminal hacking gang LockBit said it was behind a ransomware attack that shut down some of the operations of EquiLend, a financial technology firm that processes trillions of dollars of securities-lending transactions every month.

Lending 36
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FinDEVr APIntelligence

Fintech Labs Insights

Are you building new financial technology? We’re taking the fintech developer tool showcase to New York on March 29 & 30, 2016. Developer news: TechCrunch: Rakuten Launches $100 Million Global Fund For Fintech Startups. Arxan announces Cyber Security scholarship program. Stay tuned for details.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Named by Self Lender as 1 of 3 startups who is “absolutely crushing it” in fintech. Launched Financial Fitness program for employers to offer employees. Debuted first eBook, A Better Financial Life. Earned spot on first Forbes Fintech 50. Quoted in eWeek on the problem of app security. fintech unicorns.