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Fintech giant Finastra confirms it’s investigating a data breach


An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system.

In a statement given to TechCrunch, Finastra spokesperson Sofia Romano confirmed the fintech giant detected what it calls “suspicious activity” related to an “internally hosted Secure File Transfer Platform (SFTP)” on November 7. News of the breach, first reported by cybersecurity journalist Brian Krebs, comes after someone claimed on a known cybercrime forum to be selling stolen files allegedly belonging to Finastra’s largest banking clients. Finastra added that the company continues to investigate the root cause of the data breach, but said that “initial evidence points to credentials that were compromised.” This suggests the organization was compromised through the theft of someone’s username and password.

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