Major Ransomware Attack Targets Evolve Bank, Impacting Millions

An Arkansas-based financial services organization confirmed the incident on July 1 shortly after the ransomware gang published data it claimed had been stolen during the attack and published it on its website. According to the company, there was no payment made to the ransom demand, so the stolen data was leaked online due to the failure to pay the ransom. 

Additionally, the bank also reported that the attackers had exfiltrated personal information from some of the bank’s customers, including their names, Social Security numbers, and the bank account numbers associated with their accounts, along with their contact information. One of the nation’s largest financial institutions, Evolve Bank & Trust, has shared the news of a data breach posing a massive threat to all 7.64 million individuals impacted by the data breach. 

After a period of system outages started occurring at the Arkansas-based bank in late May, officials initially thought that a “hardware failure” had caused the outages, but an investigation revealed that the outages were caused by a cyberattack. It was confirmed by Evolve that hackers infiltrated the company’s network as early as February. This could have had a significant impact on sensitive customer data. 

Understandably, the official notification letter filed with the Maine Attorney General avoids specific details. Still, it is

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