Sageworks Fintech Platform Restored After Suspected Cyberattack
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Financial technology company Abrigo restored its Sageworks risk management application, excluding borrower-facing features, following an outage caused by irregular activity in its environment. The disruption was reportedly triggered by a suspected cyberattack.
Why it matters
Security incidents targeting financial platforms highlight the critical need for continuous monitoring to quickly detect anomalous behavior in sensitive systems, as such disruptions can severely impact business operations.
What to do
- Monitor sensitive systems regularly to detect anomalous behavior.
- Implement disaster recovery and business continuity plans during outages.
- Inspect operating environments to verify system and software integrity.