Finastra Data Breach  – Class Action Investigation

Chimicles Schwartz Kriner & Donaldson-Smith is investigating a potential class action relating to a data breach incident involving Finastra USA Corporation, a major fintech company who provides software services to numerous financial institutions. 

What Happened at Finastra?

On or around November 7, 2024, Finastra’s Security Operations Center discovered suspicious activity on their file transfer system. Then on November 8, 2024, a threat actor made a post on the dark web claiming to have stolen a large cache of sensitive data from Finastra that is potentially associated with the Company’s extensive list of clients in the financial sector that include banks, credit unions, and other financial institutions. The breach may have exposed the personal data of millions of individuals.

Finastra has yet to confirm the exact scope of the breach, but there is a possibility that the data exposed could include: name, address, social security number, and financial information including account numbers and transaction data.

Why is this important to you?

The data breach, if confirmed, could have severe implications for the affected users, leading to potential identity theft, financial fraud, and further cyber attacks. The hacker group’s bold move to put this data on sale goes on to show the growing menace of cybercrime and the increasing sophistication of these cyber adversaries.

If you believe your personal information may have been compromised as a result of this breach, please contact one of our data breach attorneys by filling-out the form provided below.