Finastra, a global financial technology giant, has suffered from a major data breach which is impacting its internal file transfer system. The company is based out of London and handles banking and wire transfers for over 8,100 financial institutions. Hackers were able to access Finastra’s Secure File Transfer Platform (SFTP) with stolen credentials. However, the hacker wiped its presence from the internet after halving the ransom price. The incident is still under investigation, but it is believed that confidential internal documents and sensitive client data were accessed.

Source: Forbes November 21, 2024 19:50 UTC