Switzerland Banking Giants UBS & Pictet Bank Suffered Cyberattack at External Vendor (Chain IQ) Resulting in 130,000 Employees & CEO Sergio Ermotti Data Stolen from UBS & Invoice Information of Suppliers Stolen from Pictet Bank, 20 Companies Including Chain IQ Affected in Cyberattack

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Switzerland Banking Giants UBS & Pictet Bank Suffered Cyberattack at External Vendor (Chain IQ) Resulting in 130,000 Employees & CEO Sergio Ermotti Data Stolen from UBS & Invoice Information of Suppliers Stolen from Pictet Bank, 20 Companies Including Chain IQ Affected in Cyberattack

19th June | Hong Kong

Switzerland banking giants UBS & Pictet Bank had suffered from a cyberattack at external vendor Chain IQ, resulting in 130,000 employees & CEO Sergio Ermotti data stolen from UBS & invoice information of suppliers stolen from Pictet Bank.  20 companies including Chain IQ were affected in the cyberattack.  Chain IQ – Chain IQ is a leading global independent indirect procurement service company providing strategic, tactical and operational procurement for its clients. Chain IQ operates from 6 main centers and 14 offices around the world – headquartered in Switzerland with hubs in Zurich, New York, London, Singapore, Mumbai and Bucharest to service more than 49 countries (including Germany, Poland, China, Hong Kong, Japan and Australia) and over 60 clients. Chain IQ’s growing team of 650+ experts is known for generating significant value via 3rd party spend management through volume bundling from its global clients, digitalization of procurement processes as well as achieving latest ESG standards.

“ Switzerland Banking Giants UBS & Pictet Bank Suffered Cyberattack at External Vendor (Chain IQ) Resulting in 130,000 Employees & CEO Sergio Ermotti Data Stolen from UBS & Invoice Information of Suppliers Stolen from Pictet Bank, 20 Companies Including Chain IQ Affected in Cyberattack “

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Switzerland Banking Giants UBS & Pictet Bank Suffered Cyberattack at External Vendor (Chain IQ) Resulting in 130,000 Employees & CEO Sergio Ermotti Data Stolen from UBS & Invoice Information of Suppliers Stolen from Pictet Bank, 20 Companies Including Chain IQ Affected in Cyberattack

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