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. Third-Party Providers Pose Cyber Risk: Sifma

    The two-day UK market wide simulation exercise involved 50 regulated firms and the financial authorities.

  2. Cybersecurity is Top of Mind for FinServ

    Exchange group can integrate crypto and fiat legs into overall analysis and monitoring.

  3. Cybersecurity Still a Work in Progress

    Brokers need to bolster protection against the "account intrusion" threat.

  4. The Crypto Assets and Cyber Unit in the Division of Enforcement will grow to 50 dedicated positions.

  5. Cyber-Criminals Target Wall Street

    Participants included over 1,000 representatives from more than 20 countries.