Investigation of banking hack leads to arrests in Europe, Brazil
German and Brazilian police arrested seven suspects over a 2023 hack that drained an estimated 30 million euros from German bank accounts.
Germany's BKA said three suspects were arrested in Europe and charged with fraud, while Brazil's federal police arrested four others and executed 21 search warrants under Operacao Klonen (Operation Clone). The November 2023 attack exploited a vulnerability at a payment provider and used cloned payment cards to make unauthorized withdrawals from German online banking users, draining an estimated 30 million euros (34.7 million dollars). Funds were laundered through Brazil and four European countries, and courts ordered seizure of assets worth more than 20 million dollars. Brazilian media identified the affected bank as Commerzbank, which said customers suffered no financial loss.
- BKA arrested three suspects in Europe; Brazil arrested four with 21 search and seizure warrants
- Hackers exploited a payment provider flaw and cloned cards for unauthorized withdrawals in November 2023
- 30 million euros laundered through Brazil and four European countries; over 20 million dollars seized
- Brazilian media identified Commerzbank; the bank says customers suffered no losses
- One suspect allegedly used illicit funds for a 2024 Rio de Janeiro city council campaign
- Vendors
- Commerzbank
- Victims
- Commerzbank
From the original article
2 min read at therecord.media
German and Brazilian authorities said there were multiple arrests this week related to a late 2023 hack that drained an estimated €30 million ($34. 7 million) from German bank accounts.
therecord.media
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.