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While Bancolombia CEO Juan Carlos Mora maintained that "money and data are safe," the practical impact was devastating.

: Use the "Transfiya" service within the app for instant transfers to other Colombian banks using just a mobile number. Standard Transfer bancolombia dump bancolombia

The process typically begins with an . These are sophisticated actors who specialize in breaching corporate networks—perhaps through a phishing email sent to a low-level employee or by exploiting a vulnerability in a legacy server. Once inside, they escalate privileges, moving laterally through the network until they reach the "crown jewels": the customer databases. While Bancolombia CEO Juan Carlos Mora maintained that