Did you know that even the largest and most successful financial software companies can fall victim to cyberattacks? Recently, Finastra, a company that serves over 8,000 institutions across 130 countries, experienced a cybersecurity incident that put their customers’ sensitive data at risk.

The Incident at Finastra

Finastra is a global financial software company that counts 45 of the world’s top 50 banks and credit unions among its clients. With over 12,000 employees and a revenue of $1.7 billion last year, it’s a major player in the finance sector. On November 7, 2024, a cyber attacker managed to access one of Finastra’s Secure File Transfer Platform (SFTP) systems using compromised credentials.

So far, the company’s investigation, supported by external cybersecurity experts, has not found evidence that the breach extended beyond the SFTP platform. But the attack has raised concerns about the security of the company’s software services, which include lending solutions, payment processing, cloud-enabled retail and banking platforms, and trading risk management tools.

How We Learned About the Breach

Brian Krebs first reported the security breach after seeing a data breach notification sent to an impacted person. The attack appears to be linked to a post on a hacking forum, where a threat actor named “abyss0” claimed to be selling 400GB of data stolen from Finastra.

When we asked Finastra about the forum post, they wouldn’t confirm or deny if the data belonged to them. However, they did acknowledge a limited-scope security breach and are currently evaluating its impact. They also stressed that the compromised SFTP platform was not used by all their customers and was not their default file exchange platform.

What’s Next for Finastra and Its Customers?

The exact impact and scope of the breach are still under investigation. It may take some time to determine who has been affected, but Finastra has assured that those who are deemed impacted will be contacted directly. As a result, public disclosures from the company are not expected.

Interestingly, the threat actor who published the data samples earlier this month has since deleted the post. It’s unclear whether the data was sold to a buyer or if “abyss0” became concerned about the sudden publicity.

A History of Cybersecurity Incidents

This isn’t the first time Finastra has experienced a cybersecurity incident. In March 2020, the company was hit by ransomware actors and forced to take parts of its IT infrastructure offline, causing service disruptions. At the time, reports highlighted Finastra’s lackluster vulnerability management strategy, as they were using older versions of Pulse Secure VPN and Citrix servers.

What Can We Learn From This?

The Finastra breach is a stark reminder that no organization is immune to cyber threats. As technology continues to evolve, so do the tactics and techniques used by cybercriminals. It’s crucial for companies, large and small, to prioritize cybersecurity and invest in the latest security measures to protect their customers’ data.

And for you, as a reader and potential customer, it’s important to stay informed about the latest cybersecurity news and best practices. That’s where we come in. We’re committed to providing you with the most up-to-date information on cybersecurity, so you can stay one step ahead of the bad guys. So why not reach out to us and keep coming back to learn more about how you can protect yourself and your business from cyber threats?

As someone who cares about cybersecurity, I can’t help but feel concerned about the recent news that Ford is investigating allegations of a data breach. A threat actor going by the name ‘EnergyWeaponUser’ claimed on a hacking forum to have leaked 44,000 customer records. They also implicated another hacker, ‘IntelBroker,’ who supposedly took part in the breach back in November 2024.

What’s in the leaked data?

The leaked information includes Ford customer records containing personal details such as full names, physical locations, purchase details, dealer information, and record timestamps. While this data might not be extremely sensitive, it still contains personally identifiable information (PII) that could be used in phishing and social engineering attacks targeting the affected individuals.

What’s interesting is that the threat actors didn’t try to sell the dataset. Instead, they offered it to registered members of the hacker forum for eight credits, equivalent to just a little over $2.

Ford’s response and investigation

We reached out to Ford to validate the claims, and a spokesperson confirmed that they are actively investigating the allegations. They stated, “Ford is aware and is actively investigating the allegations that there has been a breach of Ford data. Our investigation is active and ongoing.”

Is there credibility to these allegations?

The involvement of IntelBroker in the breach lends some credibility to the threat actor’s allegations. This hacker has a track record of confirmed breaches, including recent ones at Cisco’s DevHub portal, Nokia (through a third party), Europol’s EPE web portal, and T-Mobile (via a vendor).

The data samples leaked by the threat actors include locations from around the world, with the United States being one of them.

How to protect yourself from potential risks

In light of this potential data exposure, it’s crucial to treat unsolicited communications with caution and reject requests for revealing more information under any pretense. Keep an eye out for any suspicious emails, messages, or phone calls that might use this leaked information to manipulate or deceive you.

An important update from Ford

After our initial report, Ford provided us with an additional statement based on new findings from their ongoing investigation. They said, “Ford’s investigation has determined that there was no breach of Ford’s systems or customer data. The matter involved a third-party supplier and a small batch of publicly available dealers’ business addresses. It is our understanding that the matter has now been resolved.” – A Ford spokesperson

Stay informed and stay safe

Keeping up to date with cybersecurity news and best practices is crucial in today’s digital world. Continue to check back with us for the latest information and advice on protecting yourself and your data. Remember, knowledge is power, and staying informed is the first step in defending against potential threats.

Picture this: You work at a leading U.S. satellite maker, Maxar Space Systems, and one day, out of the blue, you receive a notification that hackers have accessed your personal data. It’s a nightmare scenario, right? Well, that’s exactly what happened to some employees at Maxar.

Breaking into Maxar’s Network

Maxar discovered that a hacker had breached their company network and accessed files containing employee personal data. The intruder used a Hong Kong-based IP address and had access to the system for about a week before the company discovered the breach.

As soon as Maxar’s information security team detected the unauthorized access, they took action to prevent the hackers from going deeper into the system. But the damage was already done.

Why You Should Care About Maxar

Maxar Space Systems is a big deal in the American aerospace industry. They’re known for building communication and Earth observation satellites. Based in Colorado, they have built more than 80 satellites currently in orbit. Their technology plays a significant role in space exploration, like the Maxar 1300 platform’s essential role in NASA’s Psyche mission and the power and propulsion elements used for the Artemis Moon exploration program.

What Personal Data Was Exposed?

The hacker likely accessed the following employee information:

• Name
• Home address
• Social security number
• Business contact information
• Gender
• Employment status
• Employee number
• Job title
• Hire/termination and role start dates
• Supervisor
• Department

Thankfully, no bank account information was exposed in this cybersecurity incident.

What’s Next for Maxar Employees?

Maxar is offering affected current employees IDShield identity protection and credit monitoring services. Former employees have until mid-February 2025 to enroll in identity theft protection services from IDX.

While the data breach exposed personal information, it’s also important to consider the potential impact on proprietary technical data. In a somewhat related incident, a threat actor claimed in July to have scraped the user base of GeoHIVE, a geospatial intelligence platform by Maxar Technologies, the parent company of Maxar Space Systems.

We reached out to Maxar Technologies to ask about the possibility of confidential technology data exposure and a possible link to the scraping incident, but a comment wasn’t immediately available.

Take Action to Protect Yourself

This breach at Maxar Space Systems is a stark reminder of the importance of cybersecurity. Don’t wait until it’s too late to protect your personal and business data. If you’re not sure where to start, we’re here to help. Our IT Services will guide you through the process of securing your data and keeping it safe from hackers.

Contact us today and stay ahead of the game. And don’t forget to keep coming back to learn more about cybersecurity and how you can protect yourself and your business.