A Dec. 31, 2019 malware attack on Travelex reflects a new wave of advanced, automated attacks against financial infrastructure, experts warned shortly after the breach. First reported by the Wall Street Journal
, the attack that forced the retail foreign exchange service to close its mobile app and worldwide network was initiated by a computer-borne virus.
In a Jan. 2, 2020 TechCrunch
article, Zach Whittaker reported the global outage is disrupting financial institutions, such as Tesco Bank, that rely on Travelex services. The article, “Travelex suspends services after malware attack,” indicated the Travelex corporate site is offline while the company makes “upgrades.” The company posted notices on its Twitter accounts indicating that staff are “unable to perform transactions on the website or through the app,” he wrote.