On October 29, 2024, Israel experienced significant disruptions in credit card transactions due to a series of cyberattacks. The first incident occurred at 7 a.m., when a denial-of-service (DDoS) attack targeted Shva, the primary provider of IT services for the banking sector. This attack affected the national payment system, leading to multiple reports of credit failures in stores across the country. The Israeli electronic banking services company Shva indicated that approximately 10% of credit card transactions were impacted. The RansomHub hacking group has also claimed responsibility for breaching Payxpress, with exfiltrated data reportedly including personally identifiable information (PII). They have set a ransom deadline of November 2, 2024. The cyberattacks have been suspected to be linked to Iran, further complicating the already tense situation in the region.