Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Development Bank of Seychelles Hit by Ransomware

The Central Bank of Seychelles (CBS) on Friday announced that the network of the Development Bank of Seychelles (DBS) was recently targeted in a ransomware attack.

Established in 1977, DBS is majority owned by the government of Seychelles, but it is non-budgetary dependent and operates on a commercial basis.

The Central Bank of Seychelles (CBS) on Friday announced that the network of the Development Bank of Seychelles (DBS) was recently targeted in a ransomware attack.

Established in 1977, DBS is majority owned by the government of Seychelles, but it is non-budgetary dependent and operates on a commercial basis.

The newly disclosed security incident, CBS reveals, was communicated by DBS on September 9, and an investigation was launched into the matter.

“Since then, CBS has been engaging with DBS to establish the exact nature and circumstances of the incident and closely monitor the developments, including the possible impact on DBS’ operations,” the bank said in a Friday announcement.

CBS did not provide additional information on the attack, but revealed that it has encouraged DBS to keep customers and stakeholders informed on the investigation, and that more will be shared publicly once the details surrounding the incident are uncovered.

“The CBS has stressed on the need for DBS to maintain communication with its clients and other stakeholders, particularly within the banking sector, throughout this process. […]The CBS will be providing further details to the general public once the full extent of this reality has been clearly understood,” the bank announced.

Furthermore, CBS says that the incident is also expected to help identify “areas of vulnerability that could have led to the ransomware attack.”

The bank has yet to reveal whether customer data was compromised in the incident. Many of the ransomware attacks over the past couple of years, however, did result in sensitive data being stolen, to entice victim companies into paying the ransom.

Advertisement. Scroll to continue reading.

Related: Data Center Provider Equinix Hit by Ransomware

Related: University Project Tracks Ransomware Attacks on Critical Infrastructure

Related: Financially-Motivated Iranian Hackers Adopt Dharma Ransomware

Related: Sodinokibi Ransomware Operators Target POS Software

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Discover strategies for vendor selection, integration to minimize redundancies, and maximizing ROI from your cybersecurity investments. Gain actionable insights to ensure your stack is ready for tomorrow’s challenges.

Register

Dive into critical topics such as incident response, threat intelligence, and attack surface management. Learn how to align cyber resilience plans with business objectives to reduce potential impacts and secure your organization in an ever-evolving threat landscape.

Register

People on the Move

Gigamon has promoted Tony Jarjoura to CFO and Ram Bhide has been hired as Senior VP of engineering.

Cloud security firm Mitiga has appointed Charlie Thomas as Chief Executive Officer.

Cynet announced the appointment of Jason Magee as Chief Executive Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.