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Patelco Credit Union ransomware attack halts banking services for nearly half a million members
Nearly a half-million members of Patelco Credit Union, with branches across the Bay Area and Northern California, lost access to banking services following what the CEO called a "serious security incident" over the weekend.
Cybersecurity expert says advancements in AI will increase cyber threats in 202404:23 Nearly a half-million members of Patelco Credit Union, with branches across the Bay Area and Northern California, lost access to banking services following a ransomware attack over the weekend. In an email Monday, a Patelco spokesperson clarified the security incident was a ransomware attack which required it "to proactively shut down some of our day-to-day banking systems in order to contain and remediate the issue." The email said Patelco members could still access cash from ATMs and that its branches and call center were open and operating regular business hours, although with longer wait times.
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