Banco Pichincha, the largest private bank in Ecuador, by capitalization and by the number of depositors, has been hit by a cyberattack that has disrupted its activity and taken the ATM and online banking website offline.
According to Wikipedia, the financial institution has 1.8 million customers in Ecuador, $4.5 billion in assets and $4 billion in deposits, as well as more than 200 branches in the country.
Banco Pichincha has a subsidiary in Peru (Banco Financiero Perú), one in Colombia (Banco Pichincha), and another in Panama (Banco Pichincha Panamá). It also has an agency in Miami, and eight representative offices in Spain.
The incident took place over the weekend, prompting the financial institution to halt parts of its network in order to prevent the attack from spreading to other systems.
Banco Pichincha was seriously affected by the system outage, with ATMs no longer functioning and online banking portals displaying maintenance notifications.
According to BleepingComputer, all the Banco Pichincha employees have been informed via an internal notice that due to a technological problem bank apps, email, digital channels, and self-services will be unavailable.
What Did Banco Pichincha Say?
This week, the financial institution finally decided to make