Evolve Bank & Trust, a crypto-friendly bank, has admitted that the 33 TB data breach was the result of a LockBit ransomware attack linked to a Russian hacker group.

At the end of the month, some of the agency's systems stopped working properly due to "unauthorized activity," according to the updated statement. “The attacker likely gained access to the company’s network when one of the employees accidentally clicked on a malicious link.1

With the help of appropriate experts, the bank team managed to stop the attack by 31.05.

EvolveBank did not pay the ransom, but restored the data encrypted by ransomware from a backup copy, began an investigation and contacted law enforcement agencies.

However, hackers downloaded some of the information posted on the Internet. The file contains most of the personal information of bank customers and employees, such as names, social security numbers, accounts and contacts. Evolve Bank assured that this does not threaten user funds.