Travelex, known for currency exchange services, was the victim of a malware attack on New Year’s Eve which suspended some of their services. The attack forced some systems to go offline to avoid further spread of the malware. This also affected other businesses such as Tesco Bank, which uses Travelex for its foreign currency exchange services. At this time, Travelex stated that no client information was stolen and the company declined to mention the type of malware that was used, but there are many signs that point to ransomware. Travelex has employed third-party IT and security services in order to get a better understanding of how the malware made its way into their systems and what they can do to stop it.
