Largest bank in Venezuela suffers 5-day failure after hacking attempt-emerging markets

Largest bank in Venezuela suffers 5-day failure after hacking attempt-emerging markets

The Bank of Venezuela, one of the largest state banks in the country, is currently experiencing a failure that leaves its customers with no service for five days. The bank published a PR declaration that said that this was the result of a "terrorist attack" on the national financial system that was committed in the form of a massive hack. More than 16 million customers are still without banking services at the time of going to press.

Bank of Venezuela chopped

The Bank of Venezuela, one of the country's largest financial institutions that operate more than 16 million customers, faces a failure that has left its online platform for five days without service. Bank customers began to complain about the failure of these services on September 15 when some of them spread their concerns on social media.

Back then an employee of the bank tells the result the result the result Several adjustments were made on the bank's online platform to support Bolivar. The bank issued A PR declaration about social networks that says that on September 16 it will be worked on to reimburse the service.

However, this did not happen. On September 17th, the bank gave another statement The institute had been hacked to make a "terrorist attack" to the national financial system. The explanation also informed the users that their financial information was secure and that the bank is still working to reimburse the services. No further information was made.

16 million users affected; Return announced

The consequences of it left more than 16 million users without banking services for a week. This means that many people could not buy goods and services and are still waiting to pay their daily expenses.

Some of these users complained about it and stated that they could not buy food and medication for their families due to the failure. The bank of Venezuela Couled an explanation of your service is reimbursed. The explanation states that the services will be available again on September 20 and that the institution has managed to maintain the integrity of the data so that users can access their accounts with the same information.

This is one of the longest failures with which every bank was confronted in the history of the country, and underlines the importance of the existence of an alternative financial system such as cryptocurrencies that would help with the coping with this type of events.

What do you think of the 5-day service failure of the Bank of Venezuela? Tell us in the comment area below.

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