Third-Party Security Risks

UBS and Pictet Data Leak: What You Need to Know About the Swiss Banks’ Cyberattack

The UBS and Pictet data leak has sent shockwaves through the financial world. In June 2025, a cyberattack on their subcontractor, Chain IQ, compromised sensitive employee information. This breach affected tens of thousands of UBS workers and Pictet’s supplier invoices. No client data was impacted, but the incident raises concerns about third-party cybersecurity. This article dives into the details, implications,…

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