Ransom! Sicoob

Description : Sicoob is a cooperative financial institution present throughout Brazil. Millions of people are already part of this movement. Sicoob is the largest cooperative financial system in the country, with more than 8 million members and more than 4.6 thousand service points distributed throughout Brazil. We are a financial cooperative that offers members Current Account Services, Credit, Investment, cards, Social Security, consortium, insurance, bank collection, acquisition of electronic means of payment, among others. In other words, we have a complete portfolio to meet our audience. We are recognized as the third best financial institution in Brazil according to the ranking “Best Banks in the world 2024”, carried out by Forbes in partnership with the market research company Statista.,https://www.sicoob.com.br/

Ransomware Victims – ALL
Other Victims by 8base

• Victim: Sicoob
  • Largest cooperative financial institution in Brazil.
  • Over 8 million members and 4.6 thousand service points nationwide.
  • Offers a wide range of financial services including current accounts, credit, investments, and insurance.
  • Recognized as the third best financial institution in Brazil by Forbes in 2024.
• Actor: 8base
  • Notorious ransomware group known for targeting financial institutions.
  • Employs sophisticated tactics to breach security systems and encrypt data.
  • Often demands large ransoms in cryptocurrency.
  • Has been linked to multiple high-profile attacks in Latin America.
• Ransomware Landscape in Brazil
  • Brazil has seen a significant increase in ransomware attacks, particularly targeting financial institutions.
  • Cybercriminals exploit vulnerabilities in outdated systems and lack of cybersecurity measures.
  • Ransomware attacks can lead to severe financial losses and reputational damage for organizations.
  • Collaboration between law enforcement and cybersecurity firms is crucial to combat these threats.
• Brazil’s National Cyber Agency (Agência Nacional de Segurança Cibernética – ANSIC)
  • Established to enhance the country’s cybersecurity posture and protect critical infrastructure.
  • Provides guidance and resources for organizations to improve their cybersecurity defenses.
  • Works to coordinate responses to cyber incidents and promote public awareness of cyber threats.
  • Encourages collaboration between public and private sectors to strengthen national cybersecurity efforts.