Finastra Technology, Inc. Data Breach Lawsuit Investigation
Did you receive a letter from Finastra Technology, Inc. about a data breach? Social Security numbers and financial details for more than 800,000 Americans have been exposed. Find out how to secure your identity and whether you can pursue compensation below.
Download Official Breach Notice (PDF)What Happened?
On November 7, 2024, Finastra Technology discovered suspicious activity involving its Secure File Transfer Platform (SFTP)—the system the fintech giant uses for technical and customer support. A forensic investigation determined that an unauthorized third party accessed the SFTP repeatedly between October 31 and November 8, 2024, exfiltrating files on October 31.
The incident was quickly reported to federal law-enforcement agencies, and leading cybersecurity firms were retained to contain the breach and harden Finastra’s network. Although investigators have not found evidence of ongoing access or distribution of the files, the exposure of highly sensitive personal data dramatically increases the risk of identity theft and financial fraud.
Whose Information Was Exposed?
The breach touches consumers nationwide—including residents of at least seven states who were notified through their attorneys general:
- California
- Maine
- Massachusetts
- South Carolina
- Texas
- Montana
- New Hampshire
In total, more than 800,000 people are believed to be affected.
Types of Data Compromised
- Full names
- Social Security numbers
- Dates of birth
- Physical & email addresses
- Phone numbers
- Government-issued ID numbers
- Financial account information
Finastra’s Response
Finastra says it has:
- Notified the FBI and multiple state regulators
- Implemented additional network monitoring and security controls
- Offered 24 months of complimentary Experian IdentityWorks to all victims
Despite these steps, experts warn that stolen data can circulate for years, making proactive credit monitoring and legal guidance essential.
Your Rights & Next Steps
Even if you have yet to see fraudulent activity, you could still become a target. Consider the following protective actions today:
- Enroll in the free Experian IdentityWorks service provided by Finastra.
- Request complimentary credit reports at AnnualCreditReport.com and review them for unfamiliar accounts.
- Place a fraud alert or a security freeze with Equifax, Experian and TransUnion.
- Report any suspicious activity to your local police department and the FTC.
Potential Compensation
Victims of data breaches often incur out-of-pocket expenses such as credit-monitoring fees, lost time, and unreimbursed fraud. U.S. privacy laws allow consumers to seek monetary damages when a company fails to adequately safeguard personal information. A class action lawsuit could help victims recover:
- Reimbursement for fraud-related losses
- Credit-monitoring and identity-theft-protection costs
- Compensation for lost time and emotional distress
- Potential statutory damages under state data-breach statutes
How to Join the Finastra Data Breach Investigation
If you received a notification letter dated July 3, 2025 (or later) from Finastra Technology, you may qualify to participate in legal action. Completing a brief claim evaluation is free and carries no obligation—you only pay if compensation is recovered on your behalf.
Frequently Asked Questions
What data was exposed in the Finastra Technology, Inc. breach?
Names, Social Security numbers, dates of birth, addresses, government IDs, email addresses, phone numbers and bank-account details were compromised.
How do I know if Finastra Technology, Inc. has my information?
The company mailed notification letters beginning July 3, 2025. Check your mail and email (including spam folders) for any correspondence from Finastra Technology, Inc. or Experian IdentityWorks. You may also contact Finastra’s dedicated hotline listed in the notice.
Is the Finastra Technology, Inc. data breach notice legitimate?
Yes. The breach has been confirmed by multiple state attorneys general and Finastra itself. You can verify the notice by reviewing the official filing linked above.
Can I sue Finastra Technology, Inc. for the data breach?
Possibly. Privacy laws give consumers the right to seek damages when companies fail to protect personal data. A class action investigation is underway to determine the best legal strategy for affected individuals.
What does the free Experian IdentityWorks service cover?
The 24-month plan offers credit monitoring, identity-theft insurance up to $1 million, and certified fraud-resolution support.
How long should I monitor my credit after the Finastra Technology, Inc. breach?
Experts recommend monitoring for at least two years—the time period covered by Experian—because identity thieves often wait months before using stolen data.