Travelex gets back online after new year cyberattack - News Summed Up

Travelex gets back online after new year cyberattack


Travelex took its systems offline after a software virus was detected on December 31 PHIL NOBLE/REUTERSTravelex is restoring in-store electronic customer orders as it seeks to recover from a disruptive cyberattack and criticism over a lack of communication with customers. The foreign exchange business said that it was in a position to begin restarting customer-facing systems in its retail branches and those of its partners, which include supermarket chains. Yesterday’s update came after the detection of a software virus on December 31 identified last week as a ransomware known as Sodinokibi, or Revil. The attack prompted Travelex to take its systems offline and forced it to provide services on a manual basis. The company has faced criticism for keeping customers in the dark, but it has said that its reactions and the nature of its customers’ transactions had limited its…


Source: The Times January 14, 2020 00:06 UTC



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