Redbanc

Profile narrative

Redbanc is a Chilean interbank network headquartered in Chile. It functions as a platform that enables the exchange of financial transactions between participating banks across the country. The network provides clearing and settlement services for electronic payments, supporting both retail and wholesale interbank fund transfers. Its core purpose is to ensure the secure, timely, and efficient movement of money among member institutions. By linking banks, Redbanc contributes to the stability and resilience of Chile's national payment infrastructure. The organisation serves the domestic banking sector, facilitating everyday transactions that underlie the country's economic activity.

Redbanc's distinguishing attributes include its role as a critical component of the national financial infrastructure, which made it a target for a sophisticated cyber operation in December 2018. During that incident, an IT professional was socially engineered via a fake job offer distributed on social media into executing a malicious dropper disguised as a job application form. The dropper delivered PowerShell‑based payloads that deployed the malware known as PowerRatankba, which is linked to the North Korea‑associated Lazarus group. Once executed, the malware conducted reconnaissance, gathered system information, assessed network configurations, harvested credentials, and established communication with a command‑and‑control server using encryption to evade detection. Despite the intrusion, Redbanc contained the threat post‑detection and reported no disruption to its operations or services. The episode underscored the network's exposure to advanced persistent threats seeking intelligence on financial systems in Latin America. The intrusion was identified as part of a broader Lazarus group campaign aimed at compromising financial institutions across the Latin American region. These details constitute the publicly known profile of Redbanc based on the supplied information.

Incidents

1 incident linked to this organisation.