Latest news with #Baar-based
Time of India
20-06-2025
- Business
- Time of India
16 Billion Passwords Leak: Is your data safe with third-party vendors of any company? Cyber attack on Swiss supplier exposes UBS and Pictet employee data while banks claim no client data was affected. Here's what you should do now to be safe online
Two major Swiss banks, UBS and Pictet, have reported a data breach caused by a cyber attack on one of their Swiss-based suppliers. The incident has raised questions about third-party risks and the wider implications for the country's banking sector. Service Provider Breach Affects Employee Info UBS and Pictet confirmed that their internal data was exposed due to a cyber attack on Baar-based company Chain IQ. The leaked data included information related to UBS employees. UBS stated that no client data was affected. Chain IQ provides business services to several firms, including KPMG and Mizuho. Also Read: New Baba Vanga July 5 Disaster Prediction: Here's what may happen on this day Cyber Attack Disrupts Multiple Companies Chain IQ reported that it and 19 other firms were targeted. The stolen data was later found published on the darknet. UBS said it acted immediately to prevent operational disruption. Le Temps reported that the exposed data included a direct line number of UBS CEO Sergio Ermotti. Regulators and Partners Respond Swiss regulator Finma confirmed it was aware of the incident and had started following its internal procedures. KPMG stated that its systems were not impacted but it had added extra protective measures. Pictet said that only limited data related to invoices and suppliers was affected, not client data. Live Events Also Read: Nickelodeon Kids' Choice Awards 2025: How to vote for nominees? Here's date, time, host, venue, nominees and how to watch live on TV and stream online Chain IQ Statement Chain IQ said the breach occurred on June 12. The firm mentioned that it could not share details about ransom demands or communication with the attackers due to ongoing investigations. It stated that it had taken actions to contain the breach. What you should do now to be safe online? In a separate but related issue, 16 billion passwords continue to be exposed online. A previous leak involved nearly 10 billion passwords. Even if you believe you are not affected by this or other leaks, it is still a good idea to reset your passwords. You should use strong and unique passwords for each platform, turn on multi-factor authentication (MFA) where available, keep a close watch on your account activity and reach out to customer support if you notice anything unusual. FAQs Was client data affected by the UBS and Pictet data breach? No. Both UBS and Pictet confirmed that the cyber attack did not compromise any client-related information, only internal employee or supplier data. How can users protect themselves from password leaks? Users should reset their passwords, avoid reusing them, enable multi-factor authentication, and monitor accounts for unusual activities.
Economic Times
20-06-2025
- Business
- Economic Times
16 Billion Passwords Leak: Is your data safe with third-party vendors of any company? Cyber attack on Swiss supplier exposes UBS and Pictet employee data while banks claim no client data was affected. Here's what you should do now to be safe online
Agencies Representative image Two major Swiss banks, UBS and Pictet, have reported a data breach caused by a cyber attack on one of their Swiss-based suppliers. The incident has raised questions about third-party risks and the wider implications for the country's banking and Pictet confirmed that their internal data was exposed due to a cyber attack on Baar-based company Chain IQ. The leaked data included information related to UBS employees. UBS stated that no client data was affected. Chain IQ provides business services to several firms, including KPMG and Mizuho. Also Read: New Baba Vanga July 5 Disaster Prediction: Here's what may happen on this day Chain IQ reported that it and 19 other firms were targeted. The stolen data was later found published on the darknet. UBS said it acted immediately to prevent operational disruption. Le Temps reported that the exposed data included a direct line number of UBS CEO Sergio regulator Finma confirmed it was aware of the incident and had started following its internal procedures. KPMG stated that its systems were not impacted but it had added extra protective measures. Pictet said that only limited data related to invoices and suppliers was affected, not client data. Also Read: Nickelodeon Kids' Choice Awards 2025: How to vote for nominees? Here's date, time, host, venue, nominees and how to watch live on TV and stream online Chain IQ said the breach occurred on June 12. The firm mentioned that it could not share details about ransom demands or communication with the attackers due to ongoing investigations. It stated that it had taken actions to contain the a separate but related issue, 16 billion passwords continue to be exposed online. A previous leak involved nearly 10 billion passwords. Even if you believe you are not affected by this or other leaks, it is still a good idea to reset your should use strong and unique passwords for each platform, turn on multi-factor authentication (MFA) where available, keep a close watch on your account activity and reach out to customer support if you notice anything unusual. Was client data affected by the UBS and Pictet data breach? No. Both UBS and Pictet confirmed that the cyber attack did not compromise any client-related information, only internal employee or supplier data. How can users protect themselves from password leaks? Users should reset their passwords, avoid reusing them, enable multi-factor authentication, and monitor accounts for unusual activities.
CNN
18-06-2025
- Business
- CNN
UBS reports a data leak after a cyber attack on a provider
Swiss banks UBS and Pictet said Wednesday that they had suffered a data leak due to a cyber attack on a provider in Switzerland, which did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said files containing details of tens of thousands of UBS (UBS) employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. 'A 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 said. 'As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' The leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti, Le Temps reported. Chain IQ said it and 19 other companies were targeted in the attack, resulting in leaked data being published online on the dark net – a part of the internet not accessible through standard search engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Chain 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 reasons. Private bank Pictet said the information stolen in the incident did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorized access.
CNN
18-06-2025
- Business
- CNN
UBS reports a data leak after a cyber attack on a provider
Swiss banks UBS and Pictet said Wednesday that they had suffered a data leak due to a cyber attack on a provider in Switzerland, which did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said files containing details of tens of thousands of UBS (UBS) employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. 'A 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 said. 'As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' The leaked cache also included the number of a direct internal line to UBS CEO Sergio Ermotti, Le Temps reported. Chain IQ said it and 19 other companies were targeted in the attack, resulting in leaked data being published online on the dark net – a part of the internet not accessible through standard search engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Chain 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 reasons. Private bank Pictet said the information stolen in the incident did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorized access.
Business Times
18-06-2025
- Business
- Business Times
UBS, Pictet report data leak after cyberattack on provider, client data unaffected
[ZURICH] Swiss banks UBS and Pictet on Wednesday (Jun 18) said they had suffered a data leak due to a cyberattack on a provider in Switzerland that did not compromise client information, although a report said thousands of UBS workers' data was affected. Swiss newspaper Le Temps said that files containing details of tens of thousands of UBS employees were stolen from the Baar-based business service company Chain IQ, whose website lists KPMG and Mizuho among its clients. 'A cyberattack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected,' UBS said. 'As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.' Chain 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 engines. Steps and countermeasures were promptly taken and the situation was contained, it said in a statement. Chain IQ, which said the data was published on the afternoon of Jun 12, said that it could not provide any information on potential ransom demands or interactions with the attackers for security and investigative reasons. Private bank Pictet said the information stolen from the incident did not contain its client data and was limited to invoice information with some of the bank's suppliers, such as technology providers and external consultants. Pictet said it took data breaches seriously and had protocols and agreements in place to stop unauthorised access. REUTERS
