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Travelex Outage Causes Some Banks to Halt Foreign Currency Transactions

Travelex Outage Causes Some Banks to Halt Foreign Currency Transactions

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FintechNews RoundupUSA
··1 min read

The New Year’s Eve ransomware attack on Travelex has disrupted foreign currency cash transactions for many large banks including Barclays, Lloyds and Westpac; the internal networks and consumer facing apps for Travelex have been offline since the attack and their popular airport kiosks have resorted to manual operations; they also have a lesser known service helping banks handle foreign cash with a network of high security vaults in 14 countries including the U.S. which has also been affected; the hackers are demanding $3 million of they will release five gigabytes of stolen data including sensitive personal information. Wall Street Journal

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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