Brazil Central Bank Connector Hacked, $140 Million Stolen
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Description
C&M Software, the service provider linking Brazil Central Bank to local banks and financial institutions, suffered a significant security breach on Wednesday. The hack led to the theft of 800 million Brazilian reais (around $140 million) from six financial institutions connected to the central bank, in what is emerging as one of the country’s largest recent financial cyber incidents. According to Brazilian outlet São Paulo, the breach reportedly occurred after a C&M employee sold their login cre...
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