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Cybersecurity

ION’s Woes Far From Over Even If It Paid Ransom, Experts Say

  • Hackers say ION’s ransom was paid; company declined to comment
  • Decrypting files, cleaning systems can take months after hack

The hackers behind the recent ransomware attack on ION Trading UK, which upended derivatives trading around the world, claim the extortion payment was paid.

While ION Trading has declined to comment on the hackers’ claim, cybersecurity experts say paying a ransom isn’t a magic bullet that automatically restores computer systems. Rather, the recovery drag on for months, they said.