ABN AMRO bank hit by Ransomware

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A prominent ransomware group has reportedly targeted the databases of ABN AMRO bank, resulting in the theft of data belonging to a subset of customers. However, the financial institution has swiftly responded by implementing measures to mitigate risks and is actively informing affected customers about the data breach.

As per the latest reports from media sources, the technology provider for the banking firm, ‘Add-Comm,’ fell victim to a ransomware attack. The specific name of the ransomware remains undisclosed at this time. Initial investigations suggest that the attackers may have gained access to certain customer-related data.

The extent of potential misuse of the stolen data remains uncertain, prompting Add-Comm to enlist the expertise of cybersecurity professionals to conduct a thorough investigation into the incident.

ABN AMRO has promptly published relevant information regarding the attack on its website, urging customers to reach out immediately if they are directly contacted by the perpetrators and threatened with potential repercussions.

The Dutch Data Protection Authority has been notified of the incident through a complaint filed by Add-Comm and will collaborate with law enforcement agencies to delve deeper into the matter.

Add-Comm, which specializes in distributing digital documents and tokens to clients, has pledged to provide further updates as soon as the third-party investigation concludes.

Meanwhile, in an unrelated development, the banking giant has finalized an acquisition deal with the German bank Hauck Aufhauser Lampe for $742 million. This marks ABN AMRO’s largest acquisition since the 2008 global financial crisis.

Previously owned by China’s Fosun International, Hauck Aufhauser Lampe will now merge with the Netherlands-based financial institution, expanding its presence and offerings in the European market.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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