Ion wasn’t deemed a ‘critical’ vendor by most clients

The software firm escaped heavy scrutiny ahead of its cyber attack, says a US Treasury official.

Ion Group, which suffered a ransomware attack on January 31 that disabled some of its services and initially raised systemic fears, was not classified as a critical third-party vendor by many of its clients, according to a US Treasury official.

“Many firms that were onboarded [by] Ion didn’t use the highest level of scrutiny that they use for their most critical third-party vendors,” said Todd Conklin, deputy assistant secretary in the US Treasury department’s Office of Cybersecurity and

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Waters Wrap: T+1 and too many proposals

Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.

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