French regional bank Crédit Mutuel Arkéa said on Wednesday, November 4, that it had been the victim of a cyberattack that allowed fraudulent transactions, which reports claim amounted to €100 million. The bank, an arm of French financial services giant Crédit Mutuel in western France, said the attack was “under control” and there would be “no financial consequence” for its clients.
It said in the attack, which had now been “contained,” hackers gained access to Arkéa’s account to make transfers to other banks, not the accounts of clients, who did not suffer any losses. Arkéa added that the stolen funds were then converted into cryptocurrencies on specialised platforms, but said a portion had been blocked and other efforts were being taken to recover the funds.
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Source: Le Monde
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