SRP Federal Credit Union, one of the biggest in South Carolina, was the target of a cyberattack that resulted in the theft of information belonging to over 240,000 members.
The credit union said that it had recently discovered unusual activity on its network and submitted breach notification documentation to regulators in Texas and Maine on Friday. Founded in 1960, SRP said that as of 2022, its assets were over $1.6 billion.
Following notification to law authorities, an investigation revealed that hackers had gained access to SRP Federal Credit Union systems “at times from September 5, 2024, and November 4, 2024, potentially acquired certain files from our network during that time.” On November 22, the inquiry came to an end.
SRP Requests for comment about the details of the stolen data were not answered by Federal Credit Union. However, the business informed Texas officials that financial data, including account numbers, credit or debit card numbers, dates of birth, Social Security numbers, and names were compromised.
The corporation stated in the breach notifications that neither its core processing system nor its online banking system was impacted by the intrusion.
Last week, a ransomware group called Nitrogen claimed responsibility for the assault and said they had taken 650 GB of client data. The ransomware assault has not been confirmed by the corporation.
According to cybersecurity analysts from HackManac, the ransomware gang just recently surfaced in October. Red Barrels, a Canadian video game developer, stated in a statement to consumers that it had been the target of a high-profile attack. Some games had to be delayed as a result of the assault, which had a “significant” effect on the company’s game development schedule.
A ransomware assault on a well-known software vendor nearly precisely one year ago caused extensive disruptions for around 60 credit unions. Thousands of customers reported that they had been locked out of their financial accounts for days, and the situation got so bad that federal credit union officials had to intervene and help.
Before the July 4 holiday, a ransomware gang took over the servers of another well-known credit union in California, causing weeks of disruption.
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