BOV resumes operations after cyber attack

Bank of Valletta

After an overnight operation of rigorous testing, Bank of Valletta resumed a number of its services by Thursday morning after a cyber attack resulted in the hacking of thirteen million euros. The resumption of services follows rigorous overnight testing of the Bank’s IT systems which were successful. In a wry comment, a client at the ATM this morning remarked that the fix came just in time to avoid a St Valentine’s fallout with his partner due to lack of available funds. In his brief to parliament, Prime Minister Joseph Muscat said that the attack had caused half of the economy to grind to a halt.

Customers may now once again make use of BOV services through the Bank’s branch network across Malta and Gozo, ATMs, Internet Banking, Mobile Banking and by making use of their BOV cards when effecting purchases. Payments to third parties is currently the only service not yet activated.

Read Also: €13m BOV funds hacked; money reversed; clients’ deposits safe – PM

 Updated: Prime Minister delivers a statement as BOV investigates cyberattack

The Bank once again reassured its clients that customer deposits and customer accounts were in no way affected by this cyber-attack. This unfortunate incident, said the BOV statement, proved that the contingency plans in place and the preventive measures were appropriate and that these measures safeguarded the Bank, its customers and stakeholders.

The Bank said that its staff and external security consultants worked relentlessly during the night to identify and resolve the situation in collaboration with the authorities.

The Bank took the opportunity to remind its customers to be wary of any requests for their personal or account details.