Finastra’s systems are back online after Friday’s ransomware attack

From: RegTech Analyst

London-based FinTech company Finastra took down some of its services over the weekend after noticing a hack attack. Now, parts of the services are reportedly back online.

On Friday March 20, Finastra’s cybersecurity team noticed that someone was attempting to launch a ransomware attack to the system.

The company decided to take action against the aggressor by bringing in an independent cybersecurity firm to assist help the FinTech investigate, contain and eliminate the threat.

As part of these efforts, Finastra took its services offline. “We took this step to contain the threat, secure our network and protect our clients’ data,” the company said in a statement.

Finastra’s team and the unnamed cybersecurity company worked over the weekend to expunge the bad actor from the company’s systems.

On the evening of Sunday March 22, Finastra said would be able to bring some of its services back online. “We are working with our impacted customers systematically and securely to return to normal operations,” the company said. “Because our solutions each have their own nuanced processes to move from being available to operationally live, each of our products will be back once readiness steps are completed.”

Finastra stated that it did not believe the that any customer or employee data was accessed or exfiltrated as part of the attack.

Copyright © 2020 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.