Tag Archive for: Venezuela’s

Venezuela’s Largest Bank Allegedly a Victim of Ransomware Attack


Twitter users are reporting that Banco de Venezuela, the largest bank in the country, has fallen victim to a ransomware attack. Cybersecurity portals monitoring these attacks have confirmed the information.

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

The LockBit Ransomware Attack

On the morning of April 19, Twitter users began discussing that Banco de Venezuela had been affected by the LockBit ransomware. Several specialized computer security portals have since confirmed a publication on the darknet about the bank domain bancodevenezuela[.]com exists.

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

The ransomware attack appears to have not seized the bank’s platform equipment, as electronic services seem to be functioning normally, per Banco de Venezuela’s official statement:

“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.”

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

Potential Implications of the Hack

The seized information could include both internal bank operations and customer data. The hacking announcement states:

“All available information will be published.”

Aside from the evidence in the published photos, no further details about the obtained information were provided.

Banco de Venezuela Falls Victim of Ransomware Attack
Banco de Venezuela Falls Victim of Ransomware Attack. Source: BetterCyber

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

The ransom amount was not disclosed, but it is known that LockBit only accepts payments in…

Source…

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