Finastra Investigates Data Breach of 400GB

Finastra, a major financial technology firm, is investigating a significant data breach involving the theft of over 400 GB of sensitive banking data from its internal file transfer platform. The breach was detected on November 7, 2024, when suspicious activity was identified, and the firm promptly notified customers the following day. The stolen data, allegedly being sold on the dark web, includes customer account details and transaction logs, raising concerns for financial institutions globally. Finastra confirmed that no malware was deployed, and customer operations remain unaffected, but the incident highlights vulnerabilities in their data security practices. The company is collaborating with cybersecurity experts and law enforcement while advising clients to monitor their accounts and enhance security measures. This breach underscores the increasing cyber threats facing fintech companies, which have experienced a 67% rise in targeted attacks recently.