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Development Bank of Seychelles Hit by Ransomware

September 14, 2020


Established in 1977, DBS is majority owned by the government of Seychelles, but it is non-budgetary dependent and operates on a commercial basis.

The newly disclosed security incident, CBS reveals, was communicated by DBS on September 9, and an investigation was launched into the matter.

“Since then, CBS has been engaging with DBS to establish the exact nature and circumstances of the incident and closely monitor the developments, including the possible impact on DBS’ operations,” the bank said in a Friday announcement.

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