In a stark reminder of cybersecurity vulnerabilities in the financial sector, Finastra, a technology giant serving 45 of the world’s top 50 banks, fell victim to a sophisticated data breach in a cybersecurity incident on November 7, 2024. The incident, involving stolen credentials and the compromise of their internal file transfer system, resulted in the theft of 400GB of sensitive data. While the company confirmed no malware deployment, this breach serves as a critical warning for financial institutions worldwide about the evolving nature of cyber threats.
