Cyberattack on Brazil tech provider affects reserve accounts of some financial institutions


Brazil’s central bank said on Wednesday that technology services provider C&M Software, which serves financial institutions lacking connectivity infrastructure, had reported a cyberattack on its systems.

The bank did not provide further details of the attack, but said in a statement that it ordered C&M to shut down financial institutions’ access to the infrastructure it operates. C&M Software commercial director Kamal Zogheib said the company was a direct victim of the cyberattack, which involved the fraudulent use of client credentials in an attempt to access its systems and services.

Read more…
Source: reuters News


Sign up for the Cyber Security Review Newsletter
The latest news and insights delivered right to your inbox


Related:

  • Insights on Cyber Threats Targeting Users and Enterprises in Brazil

    July 12, 2024

    Individuals and organizations in Brazil face a unique cyber threat landscape because it is a complex interplay of global and local threats, posing significant risks to individuals, organizations, and critical sectors of Brazilian society. Many of the cyber espionage threat actors that are prolific in campaigns across the globe are also active in carrying out attempted ...

  • Mekotio Banking Trojan Threatens Financial Systems in Latin America

    July 4, 2024

    The Mekotio banking trojan is a sophisticated piece of malware that has been active since at least 2015, primarily targeting Latin American countries with the goal of stealing sensitive information — particularly banking credentials — from its targets. Originating in the Latin American region, it has been particularly prolific in Brazil, Chile, Mexico, Spain, and Peru. ...

  • New Banking Trojan “CHAVECLOAK” Targets Brazil

    March 4, 2024

    FortiGuard Labs recently uncovered a threat actor employing a malicious PDF file to propagate the banking Trojan CHAVECLOAK. This intricate attack involves the PDF downloading a ZIP file and subsequently utilizing DLL side-loading techniques to execute the final malware. Notably, CHAVECLOAK is specifically designed to target users in Brazil, aiming to steal sensitive information linked to ...

  • Coyote: A multi-stage banking Trojan abusing the Squirrel installer

    February 8, 2024

    The developers of banking Trojan malware are constantly looking for inventive ways to distribute theirs implants and infect victims. In a recent investigation, Kaspersky researchers encountered a new malware that specifically targets users of more than 60 banking institutions, mainly from Brazil. What caught their attention was the sophisticated infection chain that makes use of various ...

  • Stealer for PIX payment system, new Lumar stealer and Rhysida ransomware

    October 24, 2023

    In Brazil the PIX payment system is becoming more and more popular. Unsurprisingly, cybercriminals are jumping on the bandwagon, trying to abuse the system for their profit. A good example of this is GoPIX, a malware campaign that has been active since December 2022. The attack cycle begins when a potential victim searches for “WhatsApp web”. ...

  • From Copacabana to Barcelona: The Cross-Continental Threat of Brazilian Banking Malware

    October 23, 2023

    Proofpoint researchers have long tracked clusters of malicious activity using banking malware to target users and organizations in Brazil and surrounding countries. Recently, researchers observed multiple threat clusters targeting Spain from threat actors and malware that have traditionally targeted Portuguese and Spanish speakers in Brazil, Mexico, and other parts of the Americas. While the targeting ...