Tag: C&M
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Brazil Bank Heist: Insider Bribery Leads to $140M Theft from 6 Banks Via C&M Fintech Firm
Hackers have stolen nearly $140 million from six Brazilian banks by exploiting the credentials of an employee at C&M, a company responsible for maintaining financial connectivity between commercial banks and the Central Bank of Brazil. The incident, which occurred on June 30, was the result of a meticulously orchestrated attack involving the bribery of an…