Patelco Credit Union ransomware attack halts banking services for nearly half a million members.

Patelco shuts down banking systems following ransomware attack - Patelco Credit Union has disclosed it experienced a ransomware attack that led to the pro...

Patelco Credit Union experienced a ransomware attack on June 29, 2024, resulting in the proactive shutdown of several customer-facing systems to mitigate impact. This led to disruptions in online banking, mobile app services, call center services, and electronic transactions such as transfers and direct deposits. Despite these issues, debit and credit card transactions continued with limited capacity, and ATM withdrawals remained functional. Patelco engaged third-party cybersecurity experts to assist in the investigation and expedite recovery, although no timeline for restoring full operations has been provided. The identity of the attackers remains unknown, and there is no current information regarding the exposure of customer data. Customers have been advised to remain vigilant and monitor their account activities, while Patelco has committed to waiving fees and reimbursing late payment costs incurred during the outage. #databreach#patelco

Ransomware attack on Patelco Credit Union causes confusion ahead of holiday weekend #cybersecurity#infosec#privacy#news