case study

Fintech Company Data Breach by Employee

Fintech Company Data Breach by Employee

Fintech Company Data Breach by Employee

Client:

Leading Fintech Company

Challenge:

Unauthorized access to sensitive company information by a former director, facilitated by an internal employee.

A renowned Fintech company discovered a severe breach when sensitive financial data was compromised. A former director had gained unauthorized access to the company's most confidential information in collaboration with an internal employee. The breach risked exposing valuable proprietary data and threatened the company’s standing in a highly competitive market.

Solution:

Core Security was promptly engaged to carry out an extensive investigation. Our team deployed advanced forensic techniques, including system log analysis, network traffic monitoring, and digital footprint tracking. Through meticulous investigation, we were able to trace the unauthorized access back to a particular complicit employee. The director exploited outdated access controls and leveraged the employee's legitimate credentials to infiltrate the company's infrastructure and exfiltrate sensitive data over an extended period.

Outcome:

Core Security’s detailed forensic report provided irrefutable evidence of the breach, which was instrumental in the company's swift legal action. The case was escalated to the courts for corporate espionage and data theft.


In parallel, Core Security provided security recommendations to the client for improving access controls, enforcing multi-factor authentication, and enhancing internal monitoring systems to prevent future breaches. The company initiated a comprehensive security awareness training program to ensure employees are vigilant against potential insider threats. These efforts safeguarded the company’s data and restored investor and client confidence in its security posture.

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