Currency Exchange Travelex Suspends Services Following Cybersecurity Breach

Currency Exchange Travelex Suspends Services Following Cybersecurity Breach

Travelex,a major worldwide foreign currency exchange, has confirmed it has suspended some services after it was blown by malware on December 31.

The London-based firm, which operates over 1,500 outlets worldwide, stated it took systems offline “as a precautionary measure to protecting data” and to cease the spread of the malware.

Its U.K. website is currently offline, displaying a “server error” page. Its company portal said the site was offline while it makes “upgrades.”  Following a tweet, Travelex stated the staff is “unable to carry out transactions on the website or by the app.” Some shops are said to be manually processing customer requests.

Other corporations, like Tesco Bank, which relies on Travelex for some services, have also struggled in the course of the outage.

The company mentioned no customer knowledge had been compromised “to date,” however, it didn’t elaborate or provide proof for the claim.

The company refused to identify the kind of malware used in the assault, citing an ongoing forensic investigation.

In 2019, several excessive-profile firms were more and more targeted by ransomware, an information encrypting malware that only unscrambles the information once a ransom has been paid.

Aluminum manufacturing big Norsk Hydro and the U.K. Police Federation had been both struck in March, then Arizona Beverages and Aebi Schmidt in April.

Several local and state governments have also been attacked by ransomware. New Orleans declared a state of emergency in December after its systems had been struck by ransomware.

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