Unauthorized access to New Peoples Bank systems disrupts banking and financial services

Unauthorized access to New Peoples Bank systems disrupts banking and financial services

https://www.wvpublic.org/government/2022-07-01/security-breach-at-w-va-regional-bank-puts-customers-on-high-alert

Exploit: Hacking
New Peoples Bank: Financial Institution

individual-risk-r2

Risk to Business: 2.304 = Severe
New Peoples Bank, a bank with branches in Virginia, West Virginia and Tennessee, has announced that it has experienced a data breach. An unauthorized person accessed bank systems on June 9, leading to data exposure for customers as well as disrupting banking and financial services. The bank is providing one year of free credit monitoring for impacted clients. Services have since been restored.

individual-risk-r2

Individual Risk: 2.383 = Severe

New Peoples Bank, a bank with branches in Virginia, West Virginia and Tennessee, has announced that it has experienced a data breach. An unauthorized person accessed bank systems on June 9, leading to data exposure for customers as well as disrupting banking and financial services. The bank is providing one year of free credit monitoring for impacted clients. Services have since been restored.

How It Could Affect Your Customers’ Business: Banks of every size are a likely target of ransomware attacks and need to take extra security precautions.

Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.