{"id":609853,"date":"2023-11-12T00:00:00","date_gmt":"2023-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/12\/no-breach-occurred-customer-details-secure-fawry-says-after-cyberattack-scare\/"},"modified":"2023-11-12T00:00:00","modified_gmt":"2023-11-12T00:00:00","slug":"no-breach-occurred-customer-details-secure-fawry-says-after-cyberattack-scare","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/12\/no-breach-occurred-customer-details-secure-fawry-says-after-cyberattack-scare\/","title":{"rendered":"No breach occurred, customer details secure, Fawry says after cyberattack scare"},"content":{"rendered":"

Investigation shows no hack at Fawry:<\/strong> E-payment giant Fawry said on Friday that a \u201ccomprehensive examination\u201d of the company\u2019s systems by the cybersecurity firm Group-IB showed no evidence its systems were breached. The company made the statement after rumors circulated on social media on Thursday that the platform had been subject to a cyberattack. \u201cThe results of the systems check confirmed that there have been no breach or leaks of any information or banking details of any of the \u2026 clients,\u201d Fawry said in a statement (pdf)<\/a>.<\/p>\n

Rumors of a hack on Thursday: <\/strong>Speculation that the e-payments giant had been hacked spread on social media on Thursday after cybersecurity monitors (here<\/a> and here<\/a>) claimed that ransomware group LockBit had made Fawry a new target. One reported that LockBit gave Fawry a 28 November deadline to meet ransom demands or it would leak hacked data on the dark web. Fuelling the flames was a screenshot of what purported to be an internal memo<\/a> at an Egyptian financial institution that warned it had blocked access to the app after a breach. The authenticity of the screenshot is unproven and the cybersecurity organization released no information to back up its claim. <\/p>\n

Fawry blames app crash:<\/strong> Fawry said its MyFawry services were temporarily unavailable as \u201ca result of unprecedented customer demand exceeding the application\u2019s capacity.\u201d The company reassured its clients that its services are \u201centirely safe\u201d to use and that no financial data had been compromised. Fawry also rebuffed the cyberattack rumors in an EGX disclosure (pdf)<\/a> on Thursday, saying that the tests it ran showed no sign of breach.<\/p>\n

CBE investigation reportedly confirms Fawry\u2019s findings:<\/strong> The regulator launched an investigation that showed that no leaks occurred at Fawry, an anonymous CBE official told Asharq Business<\/a>, adding that Fawry will restart its application and smart wallet services on Sunday. There has been no official statement from the CBE to confirm the information.<\/p>\n

Founder reassures clients:<\/strong> \u201cOur systems could have been attacked and we are investigating the matter \u2026 but what is certain after reviewing the systems is that no data were hacked or withdrawn,\u201d CEO and founder of Fawry Ashraf Sabry told Asharq Business<\/a>. He also downplayed the need for customers to delete their card data or the MyFawry app.<\/p>\n

AAIB walks back attack warning:<\/strong> AAIB issued an alert<\/a> stating that \u201cno cyberattacks or exposing of personal identifiable information of Fawry customers has been confirmed,\u201d reported Business Today Egypt<\/a>. <\/p>\n

LockBit hits world\u2019s largest bank, Boeing:<\/strong>Bloomberg<\/a> reported Thursday that the Industrial and Commercial Bank of China \u2014 the world\u2019s largest bank \u2014 was hit with a cyberattack thought to be committed by LockBit. The cybercrime gang also published internal data belonging to Boeing on Friday after the US defense giant refused to pay ransom in response to a hack in October, according to Reuters<\/a>.<\/p>\n

Market reax:<\/strong>The rumors triggered a selloff of Fawry shares Thursday, which lost 4.6% during the session.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rumors circulated on social media that Fawry was hit by a cyberattack last week<\/p>\n","protected":false},"author":1,"featured_media":609854,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7323],"tags":[377,72,519,183],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-cybersecurity","tag-enterpriseam","tag-fawry","tag-fintech","wpautop","entry"],"acf":{"mongo_id":"487b31b1-e265-45f4-8ab9-cb8f7ee93236","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/517.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Following an investigation, Fawry denies claims of cyberattack","related_issue":[609846],"teaser":"Rumors circulated on social media that Fawry was hit by a cyberattack last week","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.563273ba-0c71-4431-a735-3a30c19b9311.mp3"},"yoast_head":"\nNo breach occurred, customer details secure, Fawry says after cyberattack scare - 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Plus: No cyberattack at Fawry","author":"enterpriseam admin","date":"9 November 2023","format":false,"excerpt":"Good afternoon friends and Happy Thursday. The week has ended with privatization updates entering our news cycle alongside the conflict dominating our region and headlines. THE BIG STORIES TODAY Fawry denies it faced a cyberattack: E-payments giant Fawry did not experience a cyberattack earlier today, the company said in a\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/277.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610763,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/27\/fawry-confirms-data-breach-after-hack-of-its-testing-environment-leaked-data-isnt-sufficient-for-hackers-to-run-a-transaction\/","url_meta":{"origin":609853,"position":1},"title":"Fawry confirms data breach after hack of its testing environment; leaked data isn\u2019t sufficient for hackers to run a transaction","author":"enterpriseam admin","date":"27 November 2023","format":false,"excerpt":"Fawry CEO Ashraf Sabry says users need to be vigilant against social engineering attacks","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1436.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601931,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/ibm-to-provide-data-and-processing-services-for-fawry\/","url_meta":{"origin":609853,"position":2},"title":"IBM to provide data and processing services for Fawry","author":"enterpriseam admin","date":"13 March 2019","format":false,"excerpt":"Technology giant IBM will provide data storage and processing services for e-payment platform Fawry, which carries out 2 mn financial transactions per day, the company said, according to Al Mal. Fawry provides payment services to individuals and companies in Egypt via over 90k websites.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557496,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/fawry-acquires-minority-stake-in-social-commerce-startup-brimore\/","url_meta":{"origin":609853,"position":3},"title":"Fawry acquires minority stake in social commerce startup Brimore","author":"enterpriseam admin","date":"21 September 2021","format":false,"excerpt":"Egyptian e-payments giant Fawry has acquired a minority stake in social commerce company Brimore for EGP 15.7 mn, Fawry said in a statement to the bourse (pdf), without disclosing what that sake represents in percentage terms. The investment was made as part of an upcoming series A funding round by\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619658,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/08\/beltone-inks-strategic-partnership-with-the-uaes-comera-to-develop-payment-financing-products-plus-thames-freeport-gorilla-technology-industry-fund-belmazad-fawry\/","url_meta":{"origin":609853,"position":4},"title":"Beltone inks strategic partnership with the UAE\u2019s Comera to develop payment, financing products. PLUS: Thames Freeport + Gorilla Technology, industry fund, Belmazad, Fawry","author":"enterpriseam admin","date":"8 May 2024","format":false,"excerpt":"Comera Financial Holding runs a video call and messaging application called Comera","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574730,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/","url_meta":{"origin":609853,"position":5},"title":"Egypt\u2019s Fawry mulls launching emerging tech investment arm in 2021","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf Sabry told Al Mal. The company will complete feasibility studies for the venture this year, and decide on whether to launch in early 2021, Sabry added. Fawry has opted out\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=609853"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609853\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609854"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609853"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609853"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}