Fintech platform Sageworks taken offline after suspected cyberattack
Sageworks, a fintech platform owned by Abrigo, experienced an outage triggered by suspicious activity in its systems. The company has restored the application's core functionality, though some customer-facing features remain offline. The incident highlights the vulnerability of financial technology infrastructure and the potential impact of security incidents on business operations and customer access.
Key points
- Sageworks offline due to suspected cyberattack or irregular activity
- Abrigo restored platform functionality except borrower-facing capabilities
- Incident affects financial risk management services
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