Finastra, World’s Third Largest Fintech, Hit by Ransomware
.jpg)
London-based Finastra, the world’s third-largest financial services software provider, has been hacked. The fintech giant told customers that affected servers “both in the USA and elsewhere” had been disconnected from the internet while it contains the breach.
In a short statement, the company initially described noticing “potentially anomalous activity”, updating this late Friday to confirm a ransomware attack.
Finastra, formed through the merger of Misys and DH Corp. in June 2017, provides a wide range of software and services across the financial services ecosystem, ranging from retail and investment banking systems through to treasury, payments, cash management, trade, and supply chain finance, among other offerings.
It is owned by a private equity fund. Finastra’s 9,000 customers include 90 of the top 100 banks globally. It employs over 10,000 and has annual revenues of close to $2 billion.
Finastra Hacked: We Do Not Believe Clients’ Networks Were Impacted
Chief Operating Officer Tom Kilroy said: “Earlier today, our teams learned of potentially anomalous activity on our systems. Upon learning of the situation, we engaged an independent, leading forensic firm to investigate the scope of the incident. Out of an abundance of caution and to safeguard our systems, we immediately acted to voluntarily take a number of our servers offline while we continue to investigate.
He added: “At this time, we strongly believe that the incident was the result of a ransomware attack and do not have any evidence that customer or employee data was accessed or exfiltrated, nor do we believe our clients’ networks were impacted. ”
“We are working to resolve the issue as quickly and diligently as possible and to bring our systems back online, as appropriate. While we have an industry-standard security program in place, we are conducting a rigorous review of our systems to ensure that our customer and employee data continues to be safe and secure. We have also informed and are cooperating with the relevant authorities and we are in touch directly with any customers who may be impacted as a result of disrupted service.”
Finastra appears to have earlier been running an unpatched Pulse Secure VPN, which is vulnerable to CVE-2019-11510: a vulnerability in the VPN (previously known as Juniper SSL VPN) which in 2019 was found to have a number of severe security issues that could, when chained together, allow a hacker to write arbitrary files to the host.
(Needless to say, it is unclear at this juncture if that had remained unpatched and was the initial vector for this particular breach. Finastra hasn’t disclosed such details).
An email by Finastra to customers, as reported by Security Boulevard, reads: “Our approach has been to temporarily disconnect from the internet the affected servers, both in the USA and elsewhere, while we work closely with our cybersecurity experts to inspect and ensure the integrity of each server in turn.
In a late Sunday update, Finastra said it was “now able to bring back online the servers which we voluntarily took offline whilst we neutralized the threat.
COO Tom Kilroy added: “We are working with our impacted customers systematically and securely to return to normal operations. 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… Thank you for your patience and understanding as we restore our systems. We will provide further information as soon as it is available.”
source cbronline
Industry: Cyber Security

Latest Jobs
-
- IAM Consultant- OKTA
- Germany
- upto €90,000 plus benefits
-
I am looking for an experienced IAM process Manager to help drive forward a series of IAM implementation for a global Manufacturing business, Ideally you will be skilled with Okta and have knowledge of PAM Solutions, You will be responsible for: Driving the design and continuous improvement of complex IAM solutions in close collaboration with business partners Consult on the optimisation of IAM processes and design proper IT-based solutions to meet availability and quality targets Define technical specifications for SW-development (standards, design patterns, test cases, scenarios) and manage the life cycle of designed solutions Actively scan for relevant innovations and new technologies to identify further potential for improving IAM solutions and processes using OKTA Analyse new features of the regular Okta releases We are looking for someone with strong IAM experience as an Architect, Analyst, Technical Engineer, or similar role in the Identity and Security domain Experience with relevant certifications in development/administration, design and configuration of the Okta IAM platforms Familiar with LCM - joiners, movers, leavers, application federation - SAML, OIDC, SCIM and many other IAM terms Good mix of competences in IAM business process and project management concepts and tools e.g., ServiceNow, Jira, PRINCE2, SCRUM (agile)
-
- SAP Security Consultant
- France
- upto €70,000 plus benefits
-
I am looking for an experienced SAP Security Consultant. The ideal candidate will have a strong understanding of SAP security concepts and be able to apply them to real-world scenarios. ideally you will also have experience with Securitybridge or Onapsis, or a similar SAP security tool. Your responsibilities will include: Reviewing and auditing SAP security settings and controls Identifying and remediating security vulnerabilities Implementing security best practices Educating users on SAP security Experience experience in SAP security Experience with Securitybridge or Onapsis, or a similar SAP security tool would be very advantageous Strong understanding of SAP security concepts Excellent problem-solving and analytical skills Excellent communication and presentation skills Fluent in French & English
-
- Post Grad MSc Cyber security - Junior Cyber Risk Analyst wanted. UK
- United Kingdom
- Entry role
-
The perfect start to your new Cyber Security Career. Post Graduate Cyber Risk Analyst Wanted. Are you are fresh from earning your Cyber Security MSc and eager to start your career in Cyber Security? We are looking for a recent post graduate to join a forward thinking Cyber Security Consultancy for the ideal entry role into Cyber Security. Whilst employed industry experience is not expected, as full training and support will be provided, a history of recent education in Cyber Security / Cyber Risk is essential. We are looking for someone with an inquisitive mind, who is confident to ask the right questions and who isn't afraid to challenge the status quo. Superb communication skills are a must (in person, written and verbal) This is a UK based role that is remote first with monthly travel (1-2 a month) to meet with the team and in time to meet clients. If you aren’t available to travel this isn’t the opportunity. We are unable to provide VISA sponsorship as there will be a requirement to achieve Security clearance If you're adaptable, open to fresh perspectives, and excited to be part of a forward-thinking team and looking for an opportunity to help make a difference in a Cyber consulting role, this opportunity is for you. For more information apply here……
-
- Microsoft Exchange Contractor | London | OUTSIDE IR35 | SC Cleared
- London
- OUTSIDE IR35
-
Microsoft Exchange Contractor | London | OUTSIDE IR35 | SC Cleared • We require someone that has experience of migration exchange from windows server 2012 to 2019. • In depth understand of On-Prem exchange server management and deployment. • Experience migrating On-Prem exchange servers from 2012 upwards. • Secure Email Gateway experience essential Due to the nature of the requirement the individual must be commutable to London 2-3 days a week.