Ransomware attack results in Curo Fund Services being locked out of systems for five days

On Wednesday 19^th of January 2022, Curo Fund Services, South Africa’s biggest provider of investment administration services suffered a ransomware attack resulted in the company being locked out of their IT system for 5 days. This impacted some of their operations including the daily valuation for their clients. Although their clients’ investments were kept safe from the threat actors.

Curo Fund Services has now launched an investigation to identify the origin, nature and scope of the incident and to work out if there is any evidence of a data breach. They have also stated they have already implemented additional security measures to protect against further unauthorised access, and they will continue monitoring for any suspicious activity.