Fractured CyberSecurity in Banking
In November 2023, a ransomware attack targeted Infosys Mccamish Systems, a service provider for Bank of America (BoA), resulting in a data breach that exposed sensitive information of over 57,000 BoA customers. The breach highlighted critical vulnerabilities in cybersecurity practices and the need for more robust, integrated security solutions. The breach itself wasn’t revealed until February 2024, breaking contractual and legal obligations for timely notifications of breaches. This white paper explores the specifics of the breach, the traditional cybersecurity strategies in place, and how BestDefense could have mitigated or prevented the impact of this breach.