Report: FIS’ 2011 Breach More Serious Than Assumed

The FDIC has completed an investigation into a 2011 cyberattack on banking software provider FIS, according to Finextra. Contrary to previous reports, the FDIC revealed that the breach affected more than 2,000 touch points and was not confined to the company’s Sunrise prepaid card platform.

“FIS has told Krebs that no clients lost any money as a result of the breach and that it has invested around $100 million over the last two years strengthening its information security and risk position,” the report said.

The attack occurred in 2011 and affected roughly 100 financial institutions including wire transfer systems, Internet banking and ATM networks.

Read the full report here.

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