River Bank Trusts Ransomware Group to Delete Stolen Data After June Attack

River Financial Corporation, the parent company of River Bank & Trust, reported a ransomware attack in June that affected parts of its server environment. The bank disclosed to regulators that it obtained assurances from the attackers that the stolen data had been deleted. The incident was first reported to the SEC on June 16, with the bank admitting that ransomware had been deployed across its systems. Following the attack, River Bank took affected systems offline and engaged external incident responders. As of August 1, the investigation is ongoing, and the bank has not confirmed the full scope of the impact, which has led to multiple class action lawsuits. The bank's trust in the attackers raises concerns, as previous incidents have shown that data is often retained even after ransom payments. No specific ransom amount has been disclosed, and the bank's communication regarding the incident has been scrutinized for its terminology.

Key Points: • River Bank was hit by a ransomware attack in June, affecting parts of its servers. • The bank claims to have received assurances from attackers that stolen data was deleted. • The ongoing investigation has led to multiple class action lawsuits against River Bank.