Bank of Valletta, a Maltese bank, has resumed its digital banking services after it was hit by a cyberattack.
The resumption of these services came after a night of testing the bank’s IT systems. Customers are now able to use its ATMs, internet banking, mobile banking and card services.
However, payments to third parties is still currently unavailable, with updates expected to be given in due course.
The bank has made clear that customer deposits and customer accounts were not affected by the attack. Its contingency plans and preventative measures were able to safeguard the bank, customers and stakeholders.
Following the attack, the bank has reminded its customers to be cautious of requests for their personal or account details.
Cyber threats are continuing to rise with security teams in a constant battle of improving defences. A recent report from Deloitte found that cyberattacks can be carried out from as little as $34 a month, while getting returns of $25,000.
The report also claimed that if spending on attacks increased to $3,800 a month, returns could reach $1m each month. On the receiving end, cyberattacks, such as data breaches, can cost organisations upwards of $4m.
Metro Bank was also recently said to have been hit by a cyberattack. Criminals had targeted codes which are send by text to customers in order to verify transactions. It was reported that a number of other banks were also hit by this.
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