Finastra, a company that provides a range of technology solutions to banks worldwide, said today it was shutting down key systems in response to a security breach discovered this morning. The company’s public statement and notice to customers does not mention the cause of the outage, but their response so far is straight out of the playbook for dealing with ransomware attacks.
London-based Finastra has offices in 42 countries and reported more than $2 billion in revenues last year. The company employs more than 10,000 people and has over 9,000 customers across 130 countries — including nearly all of the top 50 banks globally.
Earlier today, sources at two different U.S. financial institutions forwarded a notice they received from Finastra saying the outage was expected to disrupt certain services, particularly for clients in North America.