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Chile’s 3rd Largest Bank Shuts Down All Branches Due to Ransomware Attack

Chilean bank BancoEstado, the country’s 3rd largest, was forced to shut down all branches following a ransomware attack

The ransomware encrypted most of the company servers and workstations.

The bank has launched an investigation into the incident and reported it to Chilean police.

BancoEstado indicated that the web-site, ATM network and apps were not affected.

The financial sector is one of the key areas where BLAKFX has focused to deliver 100% data and transactional protection.

You see, with the Helix22 SDK, BancoEstada’s data is always secure and protected whether in use, at rest or in transit. The Helix22 data security cryptography is embedded along with the data itself, and subsequently stays attached to the data and therefore cannot be exfiltrated by unintended users. Therefore, in the case of a ransomware attack, BancoEstada could just ignore the threat as all their data is 100% protected.

How we do this is through the genius of our patented DNABindingTM. This protocol embeds our encryption directly to the data. On BancoEstada’s system, or your banks, data is always protected. Even at rest or in use, your data is always safe. To handle transmission, we invented a true user2user (U2U) encryption. We manage data security transmission through the truly brilliant and also patented universal Helix22 key service. The Helix22 encryption originates on your network or device. When data arrives to our key server, it is already encrypted so all it needs to do is issue another private key. This key will then only work with the receiving device, which generates the matching key required to open the data. In this protocol, we are truly a “zero-knowledge” server so your financial transactions remain encrypted. Even if subpoenaed, we can honor the request by just handing over the encrypted content…as that is all we have. Helix22 also only use keys one-time and then destroys them. This way the data security is future forward prefect. Therefore, in our unique user-to-user encryption (U2U) world, there is no opportunity at all for any data leak.

Let’s take it a step further. Even if BancoEstada had fallen victim to an internal attack, there is no reason for concern of data theft. Any data that has been forwarded, downloaded, copied or saved cannot be exfiltrated. Period.  Helix22 has the world’s foremost data packets which are protected with multi-layered, military grade encryption algorithms that have already withstood quantum computing attacks and penetration testing by MI6.

The Helix22 SDK is perfectly developed for the emergence of crypto currency as well.

The BLAKFX founders also founded Wickr, which is used by the US military and has never been hacked since its inception in 2012. Helix22 is several generations enhanced.

Finally, the Helix22 encryption is quantum computing era immune.

At BLAKFX we are serious about securing the financial sector. The economy is the engine that drives society so we make sure it is running safely at all times.


Helix22 – Zero Risk