Major Chilean Bank Shuts Down All Branches Following Ransomware Attack

Major Chilean bank shuts down all branches following ransomware attack. There is a nationwide alert against Chilean companies regarding future ransomware campaigns.

Banco Estado, Chile’s only public bank and one of the country’s three largest, was forced to shut down its nationwide operations on Monday due to a cyber-attack that turned out to be REvil’s ransomware launch.

According to a public statement, the branches will remain closed for at least one day, but clarified that customers’ funds have not been affected by the incident.

Despite being spotted by IT experts at Banco Estado, they concluded that normal operations couldn’t take place on Monday, implying that the damage caused by the ransomware could be worse than expected.

REvil is well-known for auctioning data stolen in their attacks, listing it on their official’s dark web site, and often asking for Monero (XMR) as the method for collecting ransoms.

At 12:57 p.m. ET on Monday, Banco Estado managed to restablish 21 of its branches in the country with limited services for deposits and remittances, but closed them again at 2:00 p.m. ET.

[image: Universal Bank

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