Banking Crisis: Inside the Ransomware Attack on Development Bank of Southern Africa | June 14 2023
Channel: Hacking Space Frontier
Date: 2023-06-15

The Development Bank of Southern Africa (DBSA) was recently targeted by a ransomware attack carried out by the Akira gang. The attack occurred in May and resulted in the encryption of servers, log files, and documents. The gang demanded a ransom and threatened to release stolen information if it wasn't paid. The DBSA stated that personal information, including business names, addresses, identification documents, and contact details, may have been unlawfully accessed. The bank warned stakeholders to be vigilant and watch for any misuse of their personal information. Employee data was also compromised. Law enforcement agencies and regulators are investigating the incident, and the bank has hired a forensic investigator to monitor the dark web. The DBSA has restored its IT environment and removed the ransomware from its systems. The Akira gang, based in Russia, has targeted multiple organizations and schools, demanding ransoms ranging from thousands to millions of dollars. They also offer reduced ransoms if data theft occurred rather than encryption.