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Patelco Credit Union Hit by Ransomware: Online Banking Chaos Unfolds
Patelco Credit Union faced a ransomware attack, forcing it to shut down several banking systems. Online and mobile banking, call center services, and electronic transactions are currently unavailable. Patelco clients should stay vigilant against phishing attempts while the credit union works to resolve the situation.
Hot Take:
Well, it looks like Patelco Credit Union’s Friday just got a whole lot more interesting. Somewhere out there, a cybercriminal is feeling pretty smug about their choice of victim, while the rest of us are reconsidering our life choices (and password strength).
Key Points:
- Patelco Credit Union, with assets over $9 billion, was hit by a ransomware attack on June 29, 2024.
- Several customer-facing banking systems were proactively shut down to contain the incident.
- Online banking, mobile app, and call center services are currently offline, and electronic transactions are limited.
- Debit and credit card transactions are functional but restricted; ATM withdrawals remain unaffected.
- Patelco has engaged third-party cybersecurity experts to investigate and remedy the situation, but no timeline for a return to normal operations has been provided.
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