Last month, we shared the news with you about Pacific City Bank being ransomed. Since then, the bank has publicly disclosed the attack.
Pacific City Bank is the third-largest to specifically serve the Korean-American community, and has an estimated annual revenue of $67.2 million, making it an undeniably high-value target. The bank has admitted that sensitive documents for employees and customers — including W-2 information, payroll records, names, addresses, Social Security numbers, and more — were stolen in the attack.
When we first reported on this, we identified the AvosLocker cybercrime gang as being the likely culprits, and that still appears to be the case — the group is claiming credit on their leak site, and their statements match the information now coming from Pacific City Bank.
While AvosLocker ransomware is still relatively new, it's already detected by Acronis Cyber Protect, thanks to its advanced behavioral detection capabilities that identify and block threats based on the malicious activities they attempt to initiate.
