A Wall Street firm was hit by a cyberattack that took systems offline


EquiLend, a Wall Street firm that processes trillions of dollars in securities transactions a month, said it suffered a cyberattack that knocked some of its systems out of action.

The fintech company said in a statement to CNN that it may take “several days” before services are fully restored.

In the statement, EquiLend spokesman Christopher Gohlke said the company “on Monday identified a technical issue that took parts of our systems offline.”

“We immediately launched an investigation and identified a cybersecurity incident involving unauthorized access to our systems,” Goelke said. “We have taken immediate steps to secure our systems and are working methodically to restore the services in question as quickly as possible.”

EquiLend said it is working with external cybersecurity companies and last Consultants to investigate the attack and bring services back online.

It is not clear what, if any, impact the cyber incident will have on financial markets.

There was no immediate comment from the Treasury Department or the Securities and Exchange Commission.

EquiLend, which is It is said to be owned by Goldman Sachs, BlackRock and other major Wall Street firms are important players in the securities lending industry. Hedge funds and other investors rely on securities lending companies to make short bets against the value of securities.

This is a developing story and will be updated.

For more CNN news and newsletters, create an account at CNN.com

Leave A Reply

Your email address will not be published.