Fintech platform Sageworks taken offline after suspected cyberattack

Abrigo restored its Sageworks risk management application after an outage caused by suspicious activity in its environment, leaving borrower-facing features offline. The fintech platform's disruption stemmed from a suspected cyberattack, with restoration efforts ongoing for customer-facing services. Authorities and the company are investigating the irregular activity, which temporarily halted operations for users of the risk management system.