Finastra Data Breach Class Action Investigation

At Console & Associates, our data breach lawyers are closely examining the recent Finastra data breach. This data breach was disclosed following a cyber security incident at Finastra, which resulted in unauthorized access to consumers' sensitive personal information, including names and financial account details.

What Happened?

A recent report with the Massachusetts Attorney General's office stated that Finastra experienced a cybersecurity incident that compromised their network security. The data breach was initially detected on November 7, 2024, when the company discovered unauthorized activity disrupting their network operations.

Further investigation revealed that unauthorized actors had gained access to Finastra's Secure File Transfer Platform (SFTP) between October 31, 2024, and November 8, 2024. This platform, which was used for providing technical support to customers, contained sensitive consumer information that was subsequently exposed during the breach.

Following a thorough review of the compromised files, Finastra confirmed that consumer names and financial account information were among the exposed data. The company began notifying affected individuals through data breach letters on February 12, 2025, detailing the specific information that may have been compromised in each case.

Steps To Take If You Were Affected By A Data Breach

1. Monitor all accounts and credit reports closely
   1. Set up alerts for suspicious activity
   2. Review all financial statements thoroughly
   3. Request free credit reports and examine them for unauthorized entries
      
      
2. Consider freezing your credit
   1. Contact all three major credit bureaus to place a freeze
   2. Understand this prevents new accounts from being opened in your name
   3. Remember to temporarily lift the freeze when applying for legitimate credit
      
      
3. Look out for phishing attempts using information from the Finastra data breach
   1. Be wary of unexpected emails or messages claiming to be from Finastra
   2. Don't click on suspicious links or download unexpected attachments
   3. Verify all communications through official channels
      
      
4. Change passwords for affected accounts
   1. Create strong, unique passwords for each account
   2. Use a combination of letters, numbers, and special characters
   3. Consider using a password manager for better security
      
      
5. Enable two-factor authentication where possible
   1. Add this extra layer of security to all important accounts
   2. Use authenticator apps rather than SMS when available
   3. Keep backup codes in a secure location

For more detailed guidance, explore our “Guide for Victims of a Data Breach” to better understand measures you can take to protect yourself after a data breach.

Finastra Overview

Established in London, United Kingdom, Finastra provides financial technology services to banking institutions worldwide. The company's products include software for banking operations, lending, payment processing, and treasury management. These solutions are delivered through both cloud-based systems and traditional on-site installations to banks, credit unions, and other financial organizations.

Operating with a workforce of 11,000 employees, Finastra generates annual revenue of $1.9 billion. The company specializes in developing and maintaining technological systems for financial institutions, with services encompassing both traditional banking infrastructure and digital banking platforms.

Finastra Data Breach Victims Have Rights - Don’t Wait to Act

How do you know that you were affected by the Finastra data breach? Usually victims receive a NOTICE OF DATA BREACH in the mail, but the impact of a breach can be felt long before notices are sent to those affected. This can be in the form of fraudulent financial activity and other forms of identity theft.

If you believe you were affected, we encourage you to reach out to our data breach law firm for legal assistance through a no-cost consultation about your situation. We will review your eligibility to file a data breach class action lawsuit and discuss your legal rights and any compensation that may be available to you.

Complete our confidential contact form below and a member of our legal team will be in touch.