Cyber Risks · Krebs on Security

Security Breach Disrupts Fintech Firm Finastra

Summary: Finastra, a London-based banking technology provider with more than 10,000 employees and over 9,000 customers across 130 countries, shut down key systems on March 20, 2020 after being alerted at 3:00 a.m. EST to anomalous activity on its network. The company later acknowledged the incident was the result of a ransomware attack and said it had disconnected affected servers in the USA and elsewhere from the internet, with expected disruption to services particularly in North America.

Why it matters: Finastra's customer base includes nearly all of the top 50 banks globally, so taking servers offline to contain ransomware put a disruption inside the infrastructure of the world's largest financial institutions.

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Topics
Data Breaches
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