Travelex reports further services recovery

Maria Nikolova

In addition to the UK, Travelex has now recovered its customer facing websites in Europe, North America, Middle East & Turkey, Australia & New Zealand.

Travelex, whose services have been heavily affected by a cyber attack that was first detected on December 31, 2019, continues to gradually restore its operations.

The latest update published on Travelex’s Customer Information Hub, says that in addition to the UK, Travelex has now recovered its customer facing websites in Europe, North America, Middle East & Turkey, Australia & New Zealand. This means that customers can now order travel money cash for store collection or for home delivery.

Travelex also announces that it has restored sales and reloads of Travelex Money Card through its websites in UK, US and France, as well as recovering the Travelex Money App in the UK, US and France.

On January 30, 2020, Travelex said it recovered its customer facing website in the UK. Several days prior to that, Travelex Wire resumed operations.

Travelex has been implementing a phased approach to the global restoration of its systems. Throughout recovery, the company said, its priority is to ensure that its systems are brought back up in a controlled, secure and managed way.

On Tuesday, December 31, 2019, the company detected a malware. Upon discovery, the crisis management team immediately began an investigation and, as a precautionary measure, took all Travelex’s systems offline to prevent the spread of the malware further across our network.

In January, the company confirmed that the software virus affecting its systems is ransomware known as Sodinokibi, also commonly referred to as Revil. Travelex says that whereas there has been some data encryption, there is no evidence that structured personal customer data has been encrypted.

Although Travelex does not yet have a complete picture of all the data that has been encrypted, there is still no evidence to date that any data has been exfiltrated.

Read this next

Market News

Navigating Yen Depreciation and Euro Resilience in Global Markets

Amidst the persistent depreciation of the Japanese yen against the US dollar, pressure mounts on Japanese policymakers to translate their verbal assurances into tangible actions.

Digital Assets

El Salvador refutes rumors of Bitcoin wallet hack

Chivo Wallet, El Salvador’s official cryptocurrency wallet, has dismissed reports of a hack involving its software source code and the data of over 5 million users associated with its KYC (Know Your Customer) procedures.

blockdag

Best Crypto to Buy: BlockDAG Presale Hits $20.1M Following Moon-Shot Keynote Teaser as Dogecoin & Shiba Inu Prices Plummet

This landmark achievement sets it apart in the cryptocurrency landscape, where traditional favorites like Dogecoin and Shiba Inu are witnessing a price decline.

Digital Assets

MetaMask developer sues SEC over regulatory overreach

Ethereum ecosystem developer Consensys Software has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the agency’s regulatory actions concerning Ethereum and its related services.

Institutional FX

Tradeweb pulls in $408.7 million in Q1 revenue amid record trading volumes

Tradeweb Markets Inc. (NASDAQ: TW) has just announced its financial results for the first quarter of 2024, which showed a robust performance for the three months through March.

Institutional FX

BGC Group valued at $667 million following investment by major banks

BGC Group announced that its exchange platform, FMX Futures, is now valued at $667 million after receiving investments from a notable consortium of financial institutions.

blockdag

Transforming a Bankrupt Investor into a Cryptocurrency Giant; Can BlockDAG Replicate Ethereum’s Meteoric Rise With 30,000x Predictions?

The realm of cryptocurrency investing presents a thrilling blend of challenges and opportunities. The legendary gains by early Ethereum investors serve as a powerful lure for those seeking the next major breakthrough.

Digital Assets

SEC delays decision on spot bitcoin options ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to authorize options trading on spot bitcoin ETFs, extending the review period by an additional 45 days. The new deadline for the SEC’s decision is now set for May 29, 2024.

Market News, Tech and Fundamental, Technical Analysis

Solana Technical Analysis Report 25 April, 2024

Solana cryptocurrency can be expected to fall further toward the next support level 130.00, target price for the completion of the active impulse wave (i).

<