Guarding the Vault: Banco Promerica's Ransomware Challenge

Incident Date: Apr 05, 2024

Attack Overview
VICTIM
Banco Promerica
INDUSTRY
Finance
LOCATION
Guatemala
ATTACKER
Snatch
FIRST REPORTED
April 5, 2024

Banco Promerica Suffers Ransomware Attack

Overview

Banco Promerica, a financial institution operating in Honduras, has been targeted by the ransomware group Snatch. The company offers services such as currency exchange and loyalty programs. The company's website provides information on how to acquire dollars through the bank and details about their loyalty program, which rewards customer fidelity with points. It operates in the finance sector, which is a common target for ransomware attacks due to the sensitive nature of the data they handle. Financial institutions are often targeted for their large customer bases and the potential for significant financial gain.

Vulnerabilities

Ransomware attacks often exploit weaknesses in outdated software, unpatched systems, or weak passwords. Financial institutions are often targeted due to their large customer bases and the potential for significant financial gain. The ransomware group Snatch has attacked Banco Promerica, with no further details provided about the nature or extent of the breach. The Snatch ransomware group has been linked to a number of high-profile attacks, including the leak of 1.6TB of data from the South African Department of Defence in August 2023. The group has also been known to target critical infrastructure industries, including the Defense Industrial Base, Food and Agriculture, and Information Technology.

Sources:

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