Fawry completes verification process, confirming security of operating systems and financial data

Fawry said that it had engaged the services of Group-IB, a global cybersecurity firm based in Singapore, to assess its systems and validate claims of a ransomware attack.

According to Group-IB's report, Fawry's operational environment, which encompasses various applications utilized by the company's customers, including "My Fawry," banking applications, payment acceptance systems, Fawry Plus systems, and retailer systems, remained secure and unaffected by any hacking attempts.

The investigation concluded that no data had been compromised or leaked, as per the report.

Fawry, founded in 2008 and listed on the Egyptian Exchange (EGX), acknowledged that a specific segment of the application testing environment had experienced an attack, resulting in the encryption of certain files.

However, Fawry emphasized that these files had no impact on the safety and security of its financial transactions, except for the exposure of limited personal data such as names, addresses, dates of birth, and mobile phone numbers.

The e-payment company reassured its users that all active and test systems were currently free from any remnants or indications of the LockBit hacking incident.

Earlier in November, reports were circulated on social media regarding a potential cyberattack against Fawry. Some banks sent messages warning their clients who use their bank credentials on the e-payment company’s platforms.