Finastra Faces Potential Massive Data Breach: 400GB of Sensitive Financial Data at Risk
Analysis of the significant data breach at Finastra, involving 400GB of stolen information from its internal file transfer platform.
Overview: Finastra, a global financial technology leader serving over 8,000 institutions, is investigating a potential data breach involving 400GB of stolen internal information.
Breach Details
- Detected on November 7, 2024
- Involved internally hosted file transfer platform
- Impacts 45 of the world's top 50 banks
- Stolen files being sold on dark web forums
Potential Impacts
- Potential financial losses
- Significant regulatory scrutiny
- Potential reputational damage
Industry Implications
The breach underscores the growing cybersecurity risks in the financial technology sector, highlighting the need for robust security measures.