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(Bloomberg) -- An affiliate of Ion Group, the Irish financial software behemoth whose derivatives trading arm was hacked this year, was sued by a partner for allegedly backing out of an investment agreement. Most Read from BloombergSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkrainePutin Claims He’s Back in Control. Russia’s Elite Isn’t SureQatar Group Now Confident of Winning Manchester United RaceSupreme Court Rejects Use of Race in University AdmissionsRolex and Patek Prices Fall as

FIA Boca 2023: Behnam also asks Congress to grant more powers to regulate third-party tech providers

The regulator’s proposals would require breach notifications, public disclosures and annual cyber assessments.

Proposals would require breach notifications, public disclosures and annual cyber assessments

ION was earlier Friday removed from Lockbit's extortion website, typically seen as a sign that stricken companies have forked over a ransom. "When a victim is delisted, it most commonly means either that the victim has agreed to enter negotiations or that it has paid," said ransomware expert Brett Callow of New Zealand-based cybersecurity company Emsisoft.