On the Rise of SaaS, Cloud & Chaos: BCP in an Unknown World
It’s business as usual—except when it’s not. Traders, investment bankers, asset managers, and the vendors who serve them will operate using their business continuity plans indefinitely. Tech innovations over the last decade have made these plans better, but they’re far from perfect.
On Friday, March 20, Finastra, which was formed in 2017 after the merger of D+H Misys, detected that “a bad-actor was attempting to introduce malware into our network in what appears to have been a common ransomware attack,” which resulted in the vendor taking its servers offline.
Finastra counts some of the largest banks in the world as clients—with an especially strong presence in the retail space—and as a result, several banks saw disruptions to their services according to notices put up on
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