June 18, 2025|
AI
|6 months agoUBS and Pictet Hit by Major Data Breach Through Chain IQ Attack
Cyber attack on Swiss banks' subcontractor exposes data of 130,000 UBS employees and thousands of Pictet supplier invoices, raising concerns about financial sector cybersecurity.
AI
Generated IllustrationKey Takeaways
AI
- UBS and Pictet banks suffered a data breach through their subcontractor Chain IQ
- Data of 130,000 UBS employees including CEO Sergio Ermotti was exposed
- Thousands of Pictet supplier invoices were stolen
- Chain IQ is based in Baar with offices in New York, London, Singapore, Mumbai and Bucharest
By The Numbers
130,000
UBS employees affected
63,000
cyber-related incidents reported in Switzerland last year
They Said
"No client data was affected. As soon as UBS became aware of the incident, it acted quickly to avoid any impact on its activities"
"The data does not contain any information about our customers"