Ransomware Attacks Heat Up

The hackers had explored the servers of Finastra Group Holdings for three days before the company noticed they were there. During that time, they gathered employee passwords and created backdoors in dozens of domain controller servers that comprised crucial parts of the British core provider’s network in preparation for a massive ransomware attack, according to an April 2020 Bloomberg Businessweek article. Their malignant software would allow them to infiltrate swaths of data stored on thousands of subordinate servers that served more than 8,500 customers, including 90 of the world’s 100 largest banks. After realizing they had been breached, Finastra’s security…

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Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.

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