Ransomware attack causes outages at 60 credit unions, federal agency says

About 60 credit unions in the US are experiencing outages because of a ransomware attack on an IT provider the credit unions use, a federal agency said Friday.

The National Credit Union Administration (NCUA), the agency that insures deposits at federally insured credit unions, said in a statement to CNN that it was “coordinating with affected credit unions” in the wake of the hack.

The full extent of the outage and its impact on credit unions was unclear Friday evening. One of the affected credit unions, New York-based Mountain Valley Federal Credit Union, said that technicians from the hacked IT provider were “working around the clock to get our systems” back online.

Credit unions reported that the ransomware attack — in which cybercriminals typically lock computer system as an extortion tactic — affected a unit of Trellance, a cloud computing firm provider used by credit unions, NCUA spokesperson Joseph Adamoli said in a statement to CNN.


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