Third-party breach enables major theft from French bank
Daily Cyber News: Third-party breach enables major theft from French bank
A cyberattack routed through a service provider allowed attackers to execute fraudulent transactions from Crédit Mutuel Arkéa’s own account. The bank acknowledged losses in the order of one hundred euros million. An outside blockchain researcher estimated the amount could be as high as one hundred eighteen euros million, or one hundred thirty three dollars million, although that higher figure hasn’t been confirmed by the bank.
Key context: Customer assets were not affected.
Additional detail: The key issue is the authority available through the provider.
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