Security News > 2021 > October > Cyberattack shuts down Ecuador's largest bank, Banco Pichincha
Ecuador's largest private bank Banco Pichincha has suffered a cyberattack that disrupted operations and taken the ATM and online banking portal offline.
The cyberattack occurred over the weekend, causing the bank to shut down portions of their network to prevent the attack's spread to other systems.
After two days of silence regarding the bank's technical difficulties, Banco Pichincha issued a statement Tuesday afternoon admitting that they suffered a cyberattack that led to the disruption of their systems.
"We call for calm to avoid generating congestion and to stay informed through the official channels of Banco Pichincha to avoid the spread of false rumors." - Banco Pichincha.
In February, Banco Pichincha suffered another cyberattack by cybercriminals known as 'Hotarus Corp' who claimed to have stolen files from the bank's network.
Pichincha disputed the hacker's claims and said that one of their providers was breached instead. "We know that there was unauthorized access to the systems of a provider that provides marketing services for the Pichincha Miles program," Banco Pichincha said at the time.