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UBS confirms employee data leak after ransomware attack on supplier
- UBS Group AG confirms employee data stolen and published online after ransomware attack on third-party supplier, Chain IQ Group AG.
- About 130,000 UBS employees' data was exposed, including names, email addresses, phone numbers, positions, languages spoken, and office locations.
- No client data was affected, and UBS swiftly took action to mitigate operational impact.
- World Leaks, formerly known as Hunters International, is believed to be behind the attack, employing a data theft and threat approach instead of encryption-based ransomware tactics.
- Chain IQ Group AG, the affected supplier, serves numerous clients, including Swiss Life, AXA, FedEx, IBM, Swisscom, KPMG, and Pictet Group, with Pictet confirmed as affected.
- Implications of the breach extend to potential scams, fraud, and phishing attacks targeting bank employees, clients, and the Swiss banking industry as a whole.
- The use of generative AI tools for impersonation amplifies risks, including potential blackmail and money laundering via social engineering.
- Third-party exposure risks in interconnected enterprise ecosystems are highlighted by the Chain IQ breach, emphasizing the attractiveness of suppliers as targets for threat actors seeking leverage.
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