The Fintech industry deals with financial and personal data of customers on a massive scale. From credit card transactions to identity verification details, companies collect and process huge amounts of sensitive data, making them an attractive target for cybercriminals. To ensure the highest standards of data protection and risk management, constant monitoring and analysis of security data is crucial.

It's been a few months since the MOVEit data breach occurred, and more than 130 companies have been reported as being hit and exposed by the connected attacks. It's clear that there will be no immediate end to these attacks, and three of the five attacks we're reporting this week are all connected to MOVEit file services. Government services, investment companies, public universities, and healthcare services were all hit this week.

Today’s state and local governments are facing a deluge of increasingly sophisticated cybersecurity threats. As custodians of vast amounts of sensitive information on their citizens, these institutions are high-value targets for threat actors. The ongoing digitization of government functions combined with the growing prevalence of advanced cyberattacks has significantly escalated the level of risk these organizations must manage.

GuidePoint Security is a software company that specializes in security services. The organization is located in Herndon, Virginia, employs 722 people, and protects and manages data for thousands of people during its daily operations. This company was compromised in the MOVEit data breaches, putting a large number of people at risk.