Someday Companies Will Treat Information Security With the Respect It Deserves

But today is not that day. Fintech Giant Finastra Investigating Data Breach

OK, so Finastra probably does do a lot around Security. However much they do, whatever priority security gets, it wasn't enough.

The financial technology firm Finastra is investigating the alleged large-scale theft of information from its internal file transfer platform, KrebsOnSecurity has learned. Finastra, which provides software and services to 45 of the world’s top 50 banks, notified customers of the security incident after a cybercriminal began selling more than 400 gigabytes of data purportedly stolen from the company.

Finastra works with 8100 financial institutions around the globe.

A major part of Finastra’s day-to-day business involves processing huge volumes of digital files containing instructions for wire and bank transfers on behalf of its clients.

So that doesn't sound good, especially as someone who has a credit card at one bank, and does irregular transfers for payments coming from a different bank.

And I wonder how many of the regular, scheduled bill payments go through Finastra.

Hat tip to Pixy Misa at Ambient Irony. Daily News Stuff 22 November 2024: Trucked Up Edition

Well, that's less than ideal: Finastra, which provides technology services to 45 of the 50 largest banks in the world, got hacked and saw 400GB of data stolen. (Krebs on Security)

There's no need to worry, though, unless you or someone you know uses a bank.