French bank loses $112 million in cyber heist

· Cybersecurity · France

French regional bank Crédit Mutuel Arkéa said it was hit by a cyberattack that allowed hackers to access its own accounts and transfer funds worth around 100 million euros ($112 million) to other banks. The attack has since been "contained", and customer accounts were not affected, the bank said.

Why it matters：The heist shows how attacks on banks' internal accounts, rather than customer data, can cost large sums.

Key points

  • About €100 million was fraudulently transferred.
  • Hackers accessed the bank's own accounts.
  • Customer accounts were not affected.

Sources (original reporting)

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