Patelco Credit Union

Chronicle

2024: Ransomware Virus Attack

On July 1, 2024, California-based Patelco Credit Union, one of the largest credit unions in, USA reported the attack. programs extortioners As a result of the incident, hundreds of thousands of bank accounts were blocked.

It is reported that the cyber attack began on June 29, 2024. It provoked numerous malfunctions in the Patelco Credit Union systems. Electronic transactions, balance sheet request function and other services were not available. Debit and credit card transactions are limited, the organisation warned.

Patelco Credit Union

Patelco Credit Union was attacked by a ransomware program. Unfortunately, this incident provoked the need to suspend the operation of our banking systems in order to minimize the consequences and eliminate the problem, the credit union said in an official statement.

To investigate the incident, a third-party company specializing in issues was involved. cyber security It is noted that the priority is the restoration of banking systems. The organization promised to cancel all overdraft fees and late payments associated with the unavailability of services. Patelco Credit Union says ATMs may experience brief disruptions. It is emphasized that deposits are insured by the National Administration of the Credit Union, and therefore customers may not worry about the safety of their funds.

As of July 5, 2024, there is no information about which cyber group is behind the organization of the attack and what amount of the ransom was requested. In addition, it is not clear whether the attackers stole any confidential information. The credit union has undertaken standard response measures, including contacting law enforcement and alerting customers.^[1]

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