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Hackers Steal Thousands of Files from M&A Giant Evercore

Evercore Inc., is a global independent investment banking advisory firm founded in 1995 and headquartered in New York. They advised clients on mergers and acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions

Since 1995, the firm has advised on more than $3 trillion of merger, acquisition, recapitalization, and restructuring transactions. In the 2018 Vault Banking 50, Evercore was ranked as the #2 investment bank in the world, behind Goldman Sachs.

In December 2018, it was reported that hackers stole thousands of files from a phishing attack into Evercore. In this case, the biggest worry is that the hackers used and exploited the data from those files, a move which if transpired, could have a serious repercussion on the stock prices on those clients advised by the firm

In its advisory work, firms like this normally would work in tandem with a legal advisor or advisors - the advisory ecosystem - if it involves multiple jurisdictions

Maybe it is time the advisory ecosystem should sit up and take notice.


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