Finaport
| Primary URL | Location | Industry | www[.]finaport[.]ch |
Country
Switzerland
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Financial Services
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Profile
Finaport, also known under its alias Finaport, is a Swiss‑based wealth management firm with its headquarters located in Switzerland. The company provides asset management and financial advisory services to clients, as indicated by its description as a Swiss vermögensverwalter in reporting sources. While the exact scope of its client base is not detailed in the available material, references to customer databases in Switzerland and Liechtenstein suggest it serves markets in those regions, and the presence of a Singapore branch indicates an international operational footprint.
In January 2023 Finaport suffered a ransomware attack carried out by the ALPHV group, also known as Black Cat. The breach resulted in the exfiltration of sensitive data, including employee Outlook mailboxes, which were subsequently leaked on the darknet. Upon detection, the firm immediately isolated its central IT systems and undertook a complete rebuild from scratch, managing to restore normal operations within a week. Although the attack affected the Singapore branch, the customer databases housed in Switzerland and Liechtenstein remained unaffected, and existing backups covered the compromised information.
Finaport reported the incident to the Swiss financial authorities within 24 hours of discovery, adhering to regulatory obligations. The company chose not to comply with the ransom demand, a decision that led to the public release of the stolen data on the darknet. This response highlights the firm’s stance on extortion and its commitment to transparency with regulators, even at the cost of exposing the leaked information. The swift technical recovery and regulatory reporting demonstrate a level of preparedness and incident‑response capability within the organization.
Overall, Finaport’s profile as a Swiss wealth manager is defined by its focus on asset management, its ability to recover rapidly from a significant cyber incident, and its adherence to regulatory reporting requirements. The presence of offices in Switzerland, Liechtenstein, and Singapore points to a cross‑border service model, while the incident underscores the importance of robust backup strategies and incident containment procedures in the financial sector.