Brazil
Hackers arrested over €30M bank fraud exploiting service provider flaw
Four cybercriminals were arrested in Brazil, and three others were charged in Europe over allegations that they exploited a vulnerability at a service provider, allowing them to withdraw funds from Commerzbank customers’ bank accounts. The theft, investigated by the Brazilian and German federal police agencies, occurred over four days in November 2023 and caused losses […]
Hackers breach fintech firm in attempted $130M bank heist
Hackers tried to steal $130 million from Evertec’s Brazilian subsidiary Sinqia S.A.after gaining unauthorized access to its environment on the central bank’s real-time payment system (Pix). Evertec is a public financial technology giant that stands as a major full-service transaction processor in Latin America, Puerto Rico, and the Caribbean. Sinqia, acquired by Evertec in 2023, […]
Employee gets $920 for credentials used in $140 million bank heist
Hackers stole nearly $140 million from six banks in Brazil by using an employee’s credentials from C&M, a company that offers financial connectivity solutions. The incident reportedly occurred on June 30, after the attackers bribed the employee to give them his account credentials and perform specific actions that would help their operations. Insider threat According to Brazilian media […]