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Dublin-based Bank Security Breach: Patelco Bank Ransomware Attack
Jul 4, 2024
Dublin-based Bank Security Breach: Patelco Bank Ransomware Attack
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0:00
we can all imagine what a nightmare
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would be to not have access to money in
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our bank accounts that's exactly what
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happened to many members at Patelco bank
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right now and it isn't over yet the
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Dublin based Bank was hit by a ransom
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wear attack over the weekend and
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services are still down seven on your
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side has been digging into this issue
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and as ABC7 news reporter J.R Stone
0:20
explains getting service back up and
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running is not a quick process Patelco
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Credit Union Bank members walking out
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and left wondering when they'll be able
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to access all of their funds the bank
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was the victim of a ransomware attack
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according to a representative I'm scared
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I'm afraid it's going to go belly up I
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haven't had access to any of my accounts
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within bco a bank spokesperson says they
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are working with a third party cyber
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security forensic firm saying please
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know that our team and thirdparty
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partners are working around the clock to
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get back up and running Monday this
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Patelco Credit Union location in San
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Francisco was only only allowing folks
1:00
to take out $500 you know it's rent
1:04
day today we have to pay a rent right
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and this is only for
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$500 where the hell do you get a place
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for $500 in a city yeah you know it's
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not enough Patelco says they experienced
1:19
the ransomware attack on Saturday 2 days
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later and some of the day-to-day systems
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are still shut down in the end the
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insurance companies will pick up the tab
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and the the dumbest criminal today is
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the one that walks into a bank with a
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gun to rob the bank you're not going to
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get
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anything the smart ones are the ones
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that are doing this because they know
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there'll be an insurance payout That's
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Tony Coulson he's the cyber security
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Center Director at Cal State San
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Bernardino ransomware you know is meant
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to also Panic the public to a certain
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degree oh my goodness I I can't get a
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hold of something and then the pressure
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mounts and next thing you know someone
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is forced into paying the ransom Coulson
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is not surprised that customers have
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been waiting to bank for at least two
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days he says before a bank like Patelco
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goes back online they want to make sure
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everything is as it was and will stay
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that way going forward as to if we'll
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continue to see this type of attack on
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banks in this country we have about a
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500,000 person deficit in cyber security
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and until we can fill those jobs we're
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going to be putting up with these types
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of attacks frequently Jr Stone ABC7 News
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