Panama’s Ministry Responds Swiftly to Cyber Breach

On September 11, 2025, Panama’s Ministry of Economy and Finance (MEF) disclosed a potential cybersecurity breach, believed to be linked to the INC Ransomware group. This prompted the Ministry to jump into action, swiftly deploying established security protocols. Fortunately, they’ve confirmed that this swift response contained the impact, preserving the integrity of their core operational systems.

In an official communication, the MEF shared that malicious software had been detected on one of their workstations. This initiated an immediate reaction, amplifying preventive measures throughout their IT infrastructure. The assurance here is crucial—their central systems remain untarnished and operational. It’s a comforting sign for those tracking Panama’s economic pulse, as the MEF is pivotal in overseeing fiscal policies and managing revenue streams like the Panama Canal.

Claims from the INC Ransom Group

Meanwhile, the INC Ransom group has emerged, taking responsibility for this attack. They boldly claim to have exfiltrated over 1.5 TB of sensitive data, showcasing evidence on their dark web site. This includes emails, financial reports, and budget information. The MEF, however, has not confirmed these claims or provided comments on their validity at this time.

The INC Ransom group, known for their RaaS operations since mid-2023, have already targeted major organizations globally. Notably, there was a separate incident where the ransomware’s source code was reportedly up for sale on Russian-language forums. It’s a clear reminder of the persistent cyber threats facing organizations worldwide.

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