Finablr PLC (LON:FIN), the company behind the Travelex money transfer service, said it has recovered from the ransomware attack it suffered late last year.
The company said Travelex has completed the recovery of all of its customer-facing systems and has conducted a thorough technical review to ensure the resilience of its business.
The Finablr board is now commissioning a post-incident review by an independent third-party to ensure that the findings and recommendations from the incident are also reflected in the systems and procedures of all Finablr group companies.
Meanwhile, the company has also issued an update on the current position of the Shetty family’s shareholding in the company.
In January, Finablr announced that shares held by BRS Investment Holdings 1 Limited, representing 56.03% of the company’s shares in issue, had been pledged as security for borrowings.
B R Shetty and his son Binay Shetty have confirmed to the board that, prior to the 24 January 2020 disclosure, none of these shares, nor any other shares in the company held beneficially by the Shetty-family owned entities, had been pledged as security.
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Shares in Finablr were down 3.7% at 39p.