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Venture Credit Union announces recovery from ransomware attack
_Above: Charles Percy._
In a statement to its members issued today, Venture Credit Union announced that it had successfully recovered from a ransomware attack.
The breach was noted today on the X platform by cybersecurity monitoring firm FalconFeeds.
This is the full statement…
_“On July 18, 2025, Venture Credit Union Society Ltd successfully recovered from a ransomware attack._
_Due to the robust cybersecurity measures which we have installed over the past two years coupled with the swift action of the ICT Department, the malicious attempt was detected and neutralized._
_We have become aware of information circulating in the public domain and that no core banking information has been compromised._
_However, some personal identifiable information has been leaked, and we are currently assessing the extent of this breach. We will communicate directly to members who may have been impacted._
_We wish to assure you that protecting the security and confidentiality of client information remains our highest priority and we appreciate your continued trust and confidence in Venture Credit Union.”_
The release of “proof” documents captured in the breach on the dark web was accompanied by a surprisingly personal note, which stated in part, “That is why hundreds of personal documents of Venture’s “clients” have been made publicly available. However, now anyone can see how much loan sharks earn from issuing loans and how exactly they deceive people who come to them for financial help.”
Ransomware operations are almost never involved personally with the companies they infiltrate, their dirty work is always business.
The company was breached using the Qilin exploit, also known as Agenda, a ransomware as a service (RaaS) believed to be operating out of Russia. The ransomware group has been working with affiliates since 2023.
According to cybersecurity researcher Shiva Parasram, the ransomware group has become more active in the Caribbean in 2025 and has also struck in Curacao and Barbados.
Responding to questions about the breach, which resulted in some confidential company information being revealed on the dark web, Venture president Charles Percy said that,”Our cyber-protection systems identified an active threat and our network staff immediately reacted to shutdown and secure our system.”
“We then contacted international cyber-specialists who immediately responded to our assistance. They worked diligently with us to do a forensic assessment, analysis and restoration on a 24 hour basis. No core banking information has been compromised and we have been fully functional across all platforms from July 21.”
“We fully respect the ever increasing cyber-threat landscape faced by organizations as operations become more digital. We have embarked on a robust upgrade of our digital defenses and this in large measure helped us to be resilient. With the rapidly evolving technology advances, we need to stay vigilant and continue to consult with the best in the industry and to continue to invest in our cybersecurity infrastructure.
Our promise to our members is to be out front in cyber-protection, but to also be transparent, so as to maintain their trust and confidence.”
**This is a developing story.**
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