Swiss Cheese Cybersecurity: Chain IQ’s Data Leak Comedy of Errors
Swiss procurement service provider Chain IQ fell victim to a cyberattack, leading to the theft of customer data. The Zug-based firm acted swiftly to contain the breach, but not before attackers made off with 910 GB of data. While no client banking info was compromised, the cyberattack still left a digital mess.

Hot Take:
Oh, Chain IQ, you’ve truly outdone yourself this time! In a world where privacy is as elusive as a Swiss bank account, you’ve managed to make a splash by gifting the dark web with the latest collection of client contact details. Who knew data breaches would become the new form of corporate social networking?
Key Points:
- Chain IQ fell victim to a cyberattack, leading to the theft of customer data.
- The data breach involved approximately 910 GB of data, or over 1.9 million files.
- Key affected companies include UBS, Pictet, Manor, and Implenia.
- Ransomware group Worldleaks claimed responsibility for the attack.
- No bank customer data was compromised, but employee business contacts were exposed.
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