Billion-Dollar Lender Suffers Data Breach, Warns ‘Unauthorized Threat Actor’ Launched Ransomware Attack

Clients at a billion-dollar lender may have had their personal information exposed after a cybersecurity incident.

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River Bank & Trust says in a new filing with the U.S. Securities and Exchange Commission (SEC) that a hacker gained access to its network on June 16th and deployed ransomware in its server.

River says it discovered the breach on June 19th and promptly took measures to limit the impact by disabling the “affected administrative accounts and taking impacted systems offline.”

An investigation into the hack is ongoing with assistance from a third-party forensic firm to determine the “nature and scope of the incident, including whether any personally identifiable information was subject to unauthorized access or exfiltration.”

The hack may also complicate River’s operations.

“River has not yet determined whether the incident is reasonably likely to materially impact its business or financial condition. Certain operations have been impacted, but River is working with external cybersecurity professionals to fully restore these operations.”

River Bank & Trust is headquartered in Prattville, Alabama and operates more than 25 branches across Alabama as well as in Destin, Florida, with total assets exceeding $3.8 billion.

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