Ransomware Attack Disrupts Banking Services for Almost Half a Million Credit Union Members

Services such as online banking, mobile apps, direct deposits, and online bill payments are currently unavailable on Patelco’s platform.
Ransomware Attack Disrupts Banking Services for Almost Half a Million Credit Union Members
A hacker uses his computer in Dongguan, in the Chinese southern province of Guangdong, on Aug. 4, 2020. Nicolas Asfouri/AFP via Getty Images
Naveen Athrappully
Updated:
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A cyberattack on one of the largest credit unions in the country Patelco resulted in over 450,000 customers getting locked out of many of its services since Saturday.

On June 29, Patelco announced that their systems were unavailable and that the company was working to resolve the outage. On July 1, the credit union attributed the outage to a ransomware attack. “Unfortunately, this incident has required us to proactively shut down some of our day-to-day banking systems in order to contain and remediate the issue,” Patelco said. “We have engaged a leading third-party cybersecurity forensic firm to help us to investigate and recover as soon as possible.”

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.