UK Fintech Firm Finastra announces they were attacked by ransomware.

On the 20th of March 2020, Finastra, a leading financial technology provider from the UK, announced that it had to take several servers offline in response to a security breach they had discovered earlier that day.

The announce come out after sources at two different U.S. financial institutions had forwarded a notice, they received from Finastra to cybersecurity writer Brian Krebs saying the outage was expected to disrupt certain services, particularly for clients in North America.

“We wish to inform our valued customers that we are investigating a potential security breach. At 3:00 a.m. EST on March 20, 2020, we were alerted to anomalous activity on our network which risked the integrity of our data-centers.”

The anomalous activity was spotted by Finastra’s security team which lead to them immediately turned off some of their servers and started an investigation with the help of a leading digital forensic firm. Soon after the start of the investigation, they announced that they “strongly believe that the incident was the result of a ransomware attack”.

Finastra also states that they “do not have any evidence that customer or employee data was accessed or exfiltrated, nor do we believe our clients’ networks were impacted.” At this time, Finastra is currently working to bring back its systems online and to resolve the issues caused by part of the servers on the company’s network being shut down.