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Following a Cyberattack on The Provider, UBS and Pictet Report Data Leak

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Following a Cyberattack on The Provider, UBS and Pictet Report Data Leak

Outlook by Outlook
June 18, 2025
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According to a report, the data of thousands of UBS employees was compromised, but Swiss banks UBS (UBSG.S) and Pictet announced on Wednesday that they had experienced a data leak as a result of a cyberattack on a Swiss provider that did not impact customer information.

According to the Swiss newspaper Le Temps, the Baar-based business services firm Chain IQ, whose website counts KPMG and Mizuho as clients, had files that contained the personal information of tens of thousands of UBS workers.

Information regarding UBS and a number of other businesses was taken as a result of a cyberattack at an outside supplier. “No customer information has been impacted,” UBS stated.

“As soon as UBS became aware of the incident, it took swift and decisive action to avoid any impact on its operations.”

According to Le Temps, the number of a direct internal line to UBS CEO Sergio Ermotti was also included in the leaked data.

Chain IQ claimed that the hack targeted it and 19 other businesses, causing exposed data to appear online on the darknet, a section of the internet inaccessible by conventional search engines.

According to a statement, the issue was contained after swift actions and remedies were made.

For security and investigation reasons, Chain IQ, which claimed that the data was released on the afternoon of June 12, stated that it was unable to offer any details regarding possible ransom demands or communications with the perpetrators.

According to private bank Pictet, the material taken from the event only included invoice information with a few of the bank’s vendors, including outside consultants and technology companies, and did not include client data.

Pictet claimed to have procedures and agreements in place to prevent unauthorized access and to take data breaches seriously.

News by Reuters

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