Posted On February 17, 2025 Consumer Privacy & Data Breaches
February 17 – The Finastra data breach lawyers at Console & Associates, P.C are investigating the data breach that was reported after the company was targeted in a recent cyber security attack. The Finastra data breach resulted in unauthorized access to consumers’ names and financial account information being compromised.
According to the Massachusetts Attorney General’s office, Finastra reported a data breach following a cybersecurity incident that disrupted their network operations. The company detected suspicious activity on November 7, 2024, which prompted an investigation. Working alongside cybersecurity experts and law enforcement, Finastra discovered that unauthorized actors had gained access to their Secure File Transfer Platform (SFTP) used for customer technical support.
The investigation revealed that the unauthorized access occurred between October 31, 2024, and November 8, 2024, during which time sensitive files containing confidential consumer information were exposed. On February 12, 2025, Finastra began notifying affected individuals about the security incident through data breach notification letters, detailing the specific information that may have been compromised in each case.
Finastra operates in the global financial technology sector, operating from its headquarters in London, United Kingdom. The company provides essential services to financial institutions worldwide, including comprehensive software solutions for banking, lending, payments, and treasury management. Their product offerings encompass both cloud-based and on-premises solutions, serving banks, credit unions, and various financial organizations.
Finastra maintains a workforce of approximately 11,000 employees and generates annual revenue of around $1.9 billion. Finastra’s operations focus on delivering technological infrastructure for financial institutions, with particular emphasis on digital transformation and open banking initiatives. Their services are integral to the daily operations of numerous financial institutions across the globe.
Our data breach lawyers are eager to speak to victims of the Finastra data breach to determine what damages they sustained and what compensation may be available to them. If you recently received a NOTICE OF DATA BREACH from Finastra and would like a free consultation, contact the Console & Associates, P.C. law firm at (866) 778-5500 to discuss your legal options, or submit a confidential contact form.
