06.15.2018

Statement on Unauthorized Access to Instinet Systems

06.15.2018

On June 4, 2018 (EST), Instinet Europe Limited experienced the impact of a spear-phishing incident that resulted in unauthorized access to the firm’s desktop network.

Instinet responded immediately to the discovery of the attack by launching an investigation, activating a leading cybersecurity firm to assess and remediate the incident, and notifying appropriate authorities, including law enforcement. Although the investigation is ongoing, there has been no impact to Instinet’s execution and clearing systems.

There is no indication that the unauthorized access continues. There is no evidence the attacker accessed Instinet’s execution and clearing systems. Regular business operations have not been disrupted and steps have been taken to further protect Instinet’s ongoing operations.

This week we learned that some client and employee information was accessed. This led to our decision to announce the incident today, even though the investigation is ongoing. Instinet will work closely with clients to assess the potential impact.

Instinet remains committed to systems security, data privacy, and the protection of client and employee information.

Source: Instinet

Related articles

  1. SEC Targets Cyber Security

    Third-party risk was the headline culprit in 2023.

  2. Cybersecurity Still a Work in Progress

    Regulators have proposed new rules for operational resilience and cyber security.

  3. Regulators Target Cybercrime

    An unauthorized party took control of an SEC cell phone number in an apparent “SIM swap” attack.

  4. Financial Institutions Vulnerable to Cyber Attacks

    Staff are coordinating with appropriate law enforcement and federal oversight entities.

  5. SEC should provide a briefing to Financial Services Committee staff no later than 17 January 2024.