French banking group hit by supply chain cyberattack
Crédit Mutuel Arkéa lost up to €118 million after attackers accessed internal accounts via a third-party provider and transferred funds, possibly to cryptocurrency.
Crédit Mutuel Arkéa confirmed attackers accessed an internal account through an unnamed third-party service provider’s platform and transferred funds to other financial institutions. The stolen funds could have been converted to cryptocurrency. The bank suspended some transactions temporarily but operations are returning to normal. French law enforcement is investigating the breach.
Unconfirmed: The exact amount stolen and whether funds were in traditional currency or cryptocurrency is not confirmed by the bank
- €118 million transferred
- Via third-party service provider
- Funds possibly converted to crypto
- Operations returning to normal
Impact: funds transferred to other institutions, possibly cryptocurrency
- 1.Contact law enforcement if impacted
- 2.Monitor for unauthorized transactions
- Vendors
- Crédit Mutuel Arkéa
- Victims
- Crédit Mutuel Arkéa
- Countries
- France
From the original article
2 min read at csoonline.com
French regional banking group Crédit Mutuel Arkéa admitted Wednesday that attackers had accessed an internal account via an unnamed third-party service provider’s platform and transferred funds to other financial institutions. Those funds, it said, could have then been potentially converted to cryptocurrency by the thieves.
csoonline.com
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