Pacific City Bank, one of the biggest Korean-American community banking service providers in the country, disclosed a ransomware attack that took place on August 30, 2021.
A Pacific City Bank investigation ended on September 7th, concluding that ransomware hackers obtained the following information from its IT systems:
- Loan application forms
- Tax return documents
- W-2 information of client firms
- Payroll records of client firms
- Full names
- Social Security Numbers
- Wage and tax details
Not all Pacific City Bank clients were impacted in the same way as each customer provided different documents, but all clients are urged to monitor their financial activity and credit reports. Data breach victims are at a risk of fraud and identity theft.
Pacific City Bank is offering a year of free credit monitoring and identity theft protection services through Equifax, though attorneys say more compensation is due for the bank’s negligence and future damages.