UBS and Pictet confirm data leak after alleged cyberattack on supplier

UBS Group AG confirmed a data breach stemming from a cyberattack on its supplier, Chain IQ, potentially exposing employee information. The attack, attributed to the World Leaks group, impacted multiple companies, including Pictet. This incident highlights a concerning trend of increasing cyberattacks targeting European financial institutions and the risks associated with outsourcing critical operations.

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