Ransomware Attack Hits Banking Technology Provider Jack Henry

Jack Henry is a major US provider of core banking systems and technology support to financial institutions. Its software sits within infrastructure used for routine banking operations, making any security breach potentially significant beyond the company itself. The incident highlights the concentration and supply-chain risks created when numerous banks rely on a common technology provider.

Jack Henry has fallen victim to a ransomware attack, drawing scrutiny over the scope of the intrusion and whether customers were affected. The supplied report does not specify the exact attack date, number of institutions involved, ransom demand or financial loss. Attention will now center on service restoration, any exposure of data and the findings of the company’s investigation.