News and Updates on Information Technology

Pacific City Bank was hit by the AVOS Locker ransomware gang

Exploit: Ransomware

Pacific City Bank: Financial Institution

cybersecurity news represented by agauge showing severe risk

Risk to Business: 1.623 = Severe


Pacific City Bank, a California-based bank that focuses on the Korean-American community, was rocked by ransomware. The bank was hit by the AVOS Locker ransomware gang last week. On Saturday, September 4, 2021, the ransomware gang added the bank to its leak site and published some screenshots as proof of the hack including a ZIP archive that contains a series of documents allegedly stolen from the bank. The incident is under investigation.

Pacific City Bank 1

Individual Impact: No information was available at press time to say if employee, customer or consumer financial details or PII was compromised in this incident but since it is a bank that’s highly likely.

Customers Impacted: Unknown

How It Could Affect Your Customers’ Business: Ransomware gangs have been hungry for financial industry data and they’ve been stepping up attacks against targets that have it, especially small-time players that tend to have weak security.

Source: Security Affairs