The ION Group Ransomware Attack: Was it Predictable?

ION Group was targeted and successfully attacked on or about 31 January 2023 by LockBit, an Advanced Persistent Threat (APT) actor, which operates an illicit Ransomware-as-a-Service (RaaS) business. The attack appears to have targeted ION Group's Cleared Derivatives Division and caused widespread market disruption. ABN Amro, Macquarie, RBC, Intesa Sanpaolo were among impacted firms; overall, 42 of ION's clients are known to have been affected

Could TPRM have predicted it?

That is the million $ question. Could a third party risk analyst or team, or CISO have predicted the ransomware attack, and been better prepared for it? Are there tools that could have been handy? 

Supply Wisdom performed a look-back analysis into ION Group, based on risk intelligence from our solution. Here is what we found and the answer might surprise you!

Download Supply Wisdom analysis on ION Group

Download our in-depth analysis now to find out which indicators flashed warning signs long before the attack materialized, what they mean, and how you could have used them to potentially prevent or reduce your exposure!

Watch Risk Experts Analyse the ION Situation