Nearly $4.78 million had been stolen by threat actors that compromised Equiniti via email chain hijacking in 2022, nearly $1 million of which has been recovered, while another intrusion in April 2023 that involved the exfiltration of certain Equiniti Trust account holders’ Social Security numbers led to the theft of nearly $1.9 million, most of which has been recovered, according to the SEC. “American Stock Transfer failed to provide the safeguards necessary to protect its clients’ funds and securities from the types of cyber intrusions that have become a near-constant threat to companies and the markets.

Source: SC Magazine