River Bank & Trust investigating cyberattack
The bank has filed an SEC report and disabled administrative accounts amid the ongoing probe
MONTGOMERY, Ala. (WSFA) - Alabama-based River Bank & Trust has filed a report with the U.S. Securities and Exchange Commission following a cybersecurity incident in which ransomware spread across part of its network.
According to the filing, someone gained unauthorized access to the bank’s network on June 16. Three days later, bank officials determined ransomware had spread across part of the company’s server.
Data removed, scope unknown
The company disabled the affected administrative accounts and took the system offline. SEC filings indicate someone removed some data from the network, though the amount of data taken has not been disclosed.
The June 25 SEC filing notes that:
The SEC filing also indicates the bank is now facing several class action lawsuits over the incident.
The bank told WSFA 12 News it cannot comment further due to the ongoing investigation.
River Bank & Trust is a locally owned and managed financial institution with 24 offices in Alabama and one in Florida.
EDITOR’S NOTE: River Bank & Trust says the affected accounts are administrative.
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