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Detail Analysis

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Date:

Status:

Count:

Contributor:

September 8, 2020

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Verified

1

zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Business

Ransomware

Extended Method:

Ransomware, Revil

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Banco Estado Bank, one of the three largest banks in Chile, had to shut down its nationwide business on the 7th due to a cyber attack by REvil ransomware. A team of Microsoft security experts took action to try to recover the systems and resume the bank’s operations. As of September 11, approximately 350 branches had been reopened, with the expectation of a full recovery of operations by the following days. However, the consequences of the cyberattack are clear: loss of revenue (and probably customers), in addition to reputational damage and possible penalties for the incident.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.