MC Exclusive: Ransomware Attack Targets Comtel Data Centre, Affecting 16 Brokers

In a devastating cyberattack, Comtel Data Centre, a key service provider to 16 brokerage firms, has fallen victim to a ransomware attack. The breach, which occurred over the weekend, has resulted in the temporary shutdown of critical systems, affecting brokers' ability to access key data and execute transactions.

Sources reveal that the ransomware attack encrypted sensitive data stored on Comtel’s servers, crippling operations for numerous financial institutions relying on the data centre for real-time services. The scale of the impact is significant, with brokers scrambling to mitigate the fallout and restore access to client accounts.

Comtel, which hosts crucial infrastructure for financial services, has confirmed the breach and stated that cybersecurity experts are working around the clock to contain the damage. The company has not yet disclosed the nature of the ransomware or whether any ransom demands have been made.

As investigations unfold, regulatory authorities are closely monitoring the situation, with concerns about the potential long-term implications for market stability and data security. The attack underscores growing concerns over cyber vulnerabilities within the financial sector, especially as more firms depend on third-party data services for critical operations.

Further updates will be provided as the story develops.