Friday, December 4, 2020
Latest News from Cambridge and England


TP Icap: Ongoing major blackout is not a cyber attack

TP Icap, the world's largest interdealer broker, is grappling to get its systems back up and ru..

By admin , in Money , at November 10, 2017

TP Icap, the world's largest interdealer broker, is grappling to get its systems back up and running after being hit by a massive network outage.

The blackout hit Tullett Prebon, part of the wider TP Icap group, at 4.50pm yesterday evening.

In a short statement this morning the firm said:

As of 7am GMT today, significant progress has been made in diagnosing the problem and initiating recovery. It is a network outage and not a cyber-attack.

"The incident has impacted the customers across our Tullett Prebon businesses. However, substantially all of ICAP’s businesses remain unaffected."

Read more: TP Icap's CFO has stepped down

The statement continued: "We have informed our regulators and our customers, and any transactions impacted by the outage have been identified and managed accordingly.

"The organisation is fully mobilised and working on this as a matter of urgency, and we will provide an update in due course, though we hope to have the issue resolved during the course of today."

Read more: TP Icap culls 175 jobs as it focuses on synergy targets

Let's block ads! (Why?)

Original Article

Comments


Leave a Reply


Your email address will not be published. Required fields are marked *