"Cyberattack on Trellance Causes Outages for Dozens of US Credit Unions, Federal Agency Reports"
Around 60 credit unions in the United States are facing outages due to a ransomware attack on an IT provider they use, according to the National Credit Union Administration (NCUA). The extent of the outage and its impact on credit unions is still unclear. The attack targeted Trellance, a cloud computing firm provider used by credit unions, through a third-party vendor called FedComp. Ransomware attacks have increasingly disrupted critical infrastructure in the US, including hospitals, fuel pipelines, and schools, leading the Biden administration to address ransomware as a national security crisis.