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An international data breach affecting one of Indonesia’s leading Islamic banks, Bank Syariah Indonesia, caused significant disruptions to its normal operations and payment systems which in turn hampered the business flow. Customers’ personal and financial details have been compromised due to this breach.
The infamous ransomware group, LockBit claims to have spread 1.5 TB data belonging to the customers and employees of Bank Syariah Indonesia, on the dark web sites. Millions of BSI customers’ identity data was leaked by the LockBit gang. The gang did not receivethe demanded ransom in time which led to the same.
Over the past few years, companies and government agencies have had several data breaches in Indonesia. A cybersecurity expert described it as one of the biggest breaches at a financial institution in the country.
During the Bank Syariah Indonesia cyberattack, the ransomware group requested the termination of all services. The management of the company lied to their customers and partners that the stoppage was a result of the technical work they were carrying out.