Security News > 2021 > October > Pacific City Bank discloses ransomware attack claimed by AvosLocker
Pacific City Bank, one of the largest Korean-American community banking service providers in America, has disclosed a ransomware incident that took place last month.
The bank is circulating notices to inform its clients of a security breach it identified on August 30, 2021, which they claim to have addressed promptly.
The bank is offering one year of free credit monitoring and identity theft protection services through Equifax, with instructions on how to enroll enclosed in the letters.
While Pacific City Bank did not reveal the name of the ransomware group behind the September incident, AvosLocker is claiming the attack and has published an entry on their data leak site.
AvosLocker is one of the newer ransomware operators, appearing in the wild this summer, calling for affiliates on various underground forums to join the RaaS. The group uses a multi-threaded ransomware strain that enables them to encrypt files fast, while the payload is deployed manually by the attacker.
For more details on the AvosLocker and what you can do if you're hit by this ransomware family, check out our support topic.
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