#FinancialInstitution

Patelco Credit Union Scrambling to Restore Systems Following Ransomware Attack

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July 3, 2024 at 08:41AM Patelco Credit Union, serving 500,000 customers, faced a ransomware attack, impacting its online banking, mobile app, and call center. Electronic transactions are unavailable and restoration efforts are ongoing. Patelco emphasized secure system restoration, cooperation with cybersecurity experts, regulators, and law enforcement. Customer reimbursement for late payment fees is assured. Based … Read more

IMF Emails Hacked

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March 18, 2024 at 04:51AM The IMF uncovered a cybersecurity incident involving nearly a dozen hacked email accounts. Discovered on February 16, 2024, an investigation revealed 11 compromised accounts, which were promptly secured. The IMF emphasized its serious approach to cybersecurity and the absence of further unauthorized access. The attackers’ motives and potential data obtained … Read more