Patelco Credit Union, based in California, suffered a ransomware attack that disrupted its services and could take weeks to recover. Patelco, which has over 450,000 members and $9 billion in assets, shut down some of its banking systems in response to the attack. Services like online banking are currently unavailable, and certain types of transactions have limited functionality. The restoration of the banking systems is the main priority, undertaken in cooperation with law enforcement, cybersecurity experts, and regulators.
Incident response plans can lessen impact of cyber incidents: Expert – businessinsurance.com
Incident response plans are crucial for mitigating the effects of cyber incidents, according to experts. These plans enable organizations to respond effectively, reducing damage and
