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On May 31, Progress Software Corp. disclosed a security flaw in its MoveIT file transfer tool, a relatively mundane program used by banks and many of their providers. It wasn’t long before some financial institutions and technology companies — including core providers — were disclosing that customer data had been exposed to a group of hackers. Thousands of organizations and millions of individuals worldwide have fallen victim to the breach, according to the antivirus software firm Emsisoft. Complicating the situation for a number of financial institutions is the fact that MoveIT wasn’t even a third-party service, but instead a fourth party used by…
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