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6 articles
For the UBS staff whose data was exposed, the incident compounds an already difficult situation.
The bank recently announced plans to create around 3,000 new IT jobs in Hyderabad, India, as it expands its technology footprint there.
Notably, Bitcoin saw quite a rally in the last five days, from $65k all the way to $79k.
Is the bigger risk that regulators now see UBS as a repeat offender that had years to fix the problem and did not?
A total of 156 apartments owned by Zurich Insurance and 59 owned by a UBS real estate fund are affected, with tenants told they must vacate by 2027–2028.
UBS has operated a major service hub in Krakow since the early 2010s, initially moving HR, IT and other support functions from Zurich to the Polish city.
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