(Alliance News) - Finablr PLC said on Wednesday it has contained a ransomware attack on its Travelex business, and it is confident no customer data has been stolen.
The FTSE 250 stock was down 11% at the London open on Wednesday at 136.80 pence each. It is down 21% so far in 2020.
Finablr owns London-headquartered foreign exchange firm Travelex, which has a presence in more than 70 countries and more than 1,200 branches and 1,000 ATMs worldwide.
Last Thursday, Finablr said all Travelex sites had been taken offline after a software virus attack on New Year's Eve. It has since been forced to provide foreign exchange services manually in branches.
Finablr has since confirmed the software virus used in the attack is a ransomware called Sodinokibi, also known as REvil.
"Travelex been successful in containing the spread of the ransomware. Travelex has also confirmed whilst there has been some data encryption, there is no evidence structured personal customer data has been encrypted, and there is still no evidence any data has been exfiltrated," said Finablr on Wednesday.
"Travelex is gradually restoring a number of internal systems and is working to resume normal operations as quickly as possible."
"Finablr's other six brands are not affected and are operating normally. Finablr does not currently anticipate any material financial impact for the group, continues to monitor the situation closely and will update the market as required," the company continued.
Finablr's other brands are forex business UAE Exchange, global money transfer companies Xpress Money and unimoni, India-based money transfer firm Remit2India, multi-currency bank Ditto, and mobile gifting app GoSwych.
By George Collard; georgecollard@alliancenews.com
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