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The largest bank in Venezuela is allegedly the victim of a ransomware attack

Twitter users have reported that Banco de Venezuela, the country’s largest bank, has fallen victim to a ransomware attack. Cybersecurity portals that monitor these attacks confirmed the information.

Banco de Venezuela issued a statement regarding the spread of information on social media, without denying or confirming the news.

LockBit ransomware attack

On the morning of April 19, Twitter users began discussing that the Bank of Venezuela had been affected by the LockBit ransomware. Since then, many specialized computer security portals have appeared A post on the dark web confirmed About bancodevenezuela bank domain (.) com exists.

LockBit is a malware designed to encrypt the victim’s files or data, making them inaccessible. The attackers behind LockBit ransomware then demand a ransom from the victim, usually in the form of cryptocurrency, to decrypt their files and regain access to them. It is often spread through phishing emails or using brute force attacks on weak passwords.

It appears that the ransomware attack did not confiscate the bank’s platform equipment, as electronic services appear to be operating normally, according to Banco de Venezuela. official speech:

We would like to inform you that our Platform and electronic channels are operating normally and providing the usual service with complete integrity and security.

However, there is a possibility that the attackers have taken all the information they managed to gather hostage and are demanding a ransom for it.

Possible repercussions of hacking

Seizure information can include both internal banking operations and customer data. The hack advertisement states:

All available information will be posted.

Apart from the evidence in the published photos, no further details were given about the information obtained.

Banco de Venezuela fell victim to a ransomware attack. source: BetterCyber

According to the LockBit portal, the hacking information was uploaded to their portal at 6:27 am Caracas time on April 19. The post states that the bank has until May 10 at 2:27 a.m. Caracas time to pay the ransom.

The ransom amount was not disclosed, but LockBit is known to only accept payments in cryptocurrencies such as Bitcoin, Monero or Zcash.

What’s next for Banco de Venezuela?

For now, Banco de Venezuela information is secure. Until May 10, bank data and its users will remain protected.

In the event of a leak, all information will be available to anyone interested in the dark web.

This may lead to many bank users falling victim to different types of cyberattacks. This includes phishing, unauthorized account access, and possible extortion, depending on the sensitivity of the leaked information.

It is important to note that Banco de Venezuela is the largest bank in the country. According to the latest report by the bank’s executive board, it manages more than 21.7 million bank accounts of various types across the country. This huge number of accounts contain an enormous amount and value of information.

Despite the Banco de Venezuela’s official statement, it neither denied nor confirmed the attack.

Disclaimer

Adhering to the Trust Project’s guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently check the facts and consult with a professional before making any decisions based on this content.

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