Crédit Mutuel Arkéa: Attack Entered via Service Provider Platform; Losses Still Being Assessed

TechFlow reports that on November 5, according to an official announcement by Crédit Mutuel Arkéa, the bank clarified that the earlier cyberattack did not enter through its online banking subsidiary Fortuneo. Attackers accessed the bank's systems directly through a service provider's platform and used the bank's own accounts to transfer funds to other banks, after which the funds may have been converted into cryptocurrency through specialized platforms.

Regarding reports of €118 million ($133 million) in stolen funds, the bank said it would not confirm the exact amount but confirmed the scale. Some of the funds involved have been frozen, other recovery efforts are ongoing, and the final financial loss is still being assessed. The bank said customer assets were unaffected, the incident is under control, and most business operations have been restored.

Source: TechFlow