UBS and Pictet confirm data leak after alleged cyberattack on supplier

UBS Group AG confirmed a data breach following a cyberattack on its supplier Chain IQ, impacting over 130,000 employees’ information, including CEO Sergio Ermotti’s contact details. The hacker group World Leaks is believed to be responsible, while Swiss private bank Pictet reported limited data exposure; no client data was compromised, highlighting increasing cyber threats in European banks.

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