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World's Largest Bank ICBC Hit by Ransomware

SecureWorld News

The Industrial and Commercial Bank of China (ICBC), recognized as the world's largest commercial bank, has fallen victim to a ransomware attack. arm, ICBC Financial Services, experienced a ransomware attack resulting in the disruption of certain systems. and even introducing a bug bounty program to ransomware development.

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SOVA malware adds ransomware feature to encrypt Android devices

Bleeping Computer

The SOVA Android banking trojan continues to evolve with new features, code improvements, and the addition of a new ransomware feature that encrypts files on mobile devices. [.].

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Play ransomware gang compromises Spanish bank, threatens to leak files

Malwarebytes

Ransomware is creating additional work for a major Spanish bank. Globalcaja, said to have more than 300 offices in Spain and close to half a million customers, has fallen victim to the Play ransomware gang. According to The Record, the bank has not said whether or not a ransom will be paid to the attackers.

Banking 83
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Negotiating with Ransomware Gangs

Schneier on Security

Thus, the decision whether to pay or ignore a ransomware demand, seems less of a legal, and more of a practical, determination ­ almost like a cost-benefit analysis. The arguments for rendering a ransomware payment include: Payment is the least costly option; Payment is in the best interest of stakeholders (e.g.

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Bank of Seychelles hit by a ransomware attack

Security Affairs

The Development Bank of Seychelles (DBS) was hit by a ransomware attack disclose the Central Bank of Seychelles (CBS). The Central Bank of Seychelles (CBS) disclosed via a press statement that the Development Bank of Seychelles (DBS) was hit by a ransomware attack. ” reads the statement.”The

Banking 118
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Chilean bank BancoEstado hit by REVil ransomware

Security Affairs

Chilean bank BancoEstado, one of the country’s biggest banks, was forced to shut down all branches following a ransomware attack. Chilean bank BancoEstado, one of the country’s biggest banks, was hit with a ransomware attack that forced its branches to remain closed since September 7.

Banking 109
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57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

Bank of America is notifying customers that their personal information was compromised in a data breach impacting Infosys McCamish Systems (IMS), a third-party vendor. At least 57,028 Bank of America customers were directly impacted. The breach reportedly occurred after IMS was hacked in November 2023.

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