French regional lender Crédit Mutuel Arkéa has disclosed that it fell victim to a major cyberattack, with an initial estimate putting the losses at around 100 million euros, or about $112 million. The bank, which operates in Brittany and other parts of western France as part of the larger Crédit Mutuel financial group, said the breach has since been contained.
According to Arkéa, the attackers did not access customer accounts directly. Instead, they broke into an internal account used to process transfers and used it to move funds out of the bank’s own systems. The Paris prosecutor’s office confirmed it has opened a formal criminal investigation after receiving a complaint from the bank. Authorities say the probe is focused on an alleged attack against an automated data-processing system, believed to have been carried out by an organized criminal network.
The incident comes just days after cryptocurrency exchange Binance revealed it had lost an estimated $6.3 billion in assets to hackers who reportedly used a fake job interview as a way to infiltrate the company’s systems. Together, the two cases highlight a wave of sophisticated cyberattacks targeting major financial institutions worldwide, raising fresh concerns about the security of both traditional banks and crypto platforms.
For more details on the investigation, read the original report.
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