Bayview Asset Management, LLC Targeted by Lockbit2 Ransomware Group

Bayview Asset Management, LLC, a Coral Gables, Florida-based investment management firm, has been targeted by the ransomware group Lockbit2. The attack was announced on the group's dark web leak site. Bayview specializes in investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.

Founded in 1993, Bayview has established a significant presence in the global finance sector. With asset management offices in New York, London, Geneva, and Luxembourg, along with loan servicing and origination affiliates in seven U.S. states and Milan, Italy, the company's focus on credit markets and its international reach make it a notable player in the finance industry.

The ransomware attack on Bayview Asset Management underscores the persistent threat of cybercrime within the financial industry. Such attacks can severely disrupt operations, lead to data loss, and potentially inflict substantial financial and reputational damage. It is imperative for companies to remain vigilant and invest in comprehensive cybersecurity measures to safeguard against these threats.

Sources

• Paysafe Ltd 20-F