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breaches incidents
Hackers arrested over €30M bank fraud exploiting service provider flaw
Four cybercriminals were arrested in Brazil and three others were charged in Europe for exploiting a vulnerability at a service provider to fraudulently withdraw funds from Commerzbank customer accounts. The scheme resulted in approximately 30 million euros in losses.
Why it matters: Banks and their customers face exposure when service provider vulnerabilities go unpatched; practitioners should review vendor vulnerability disclosures and assess whether their own service providers have similar flaws.
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- First seen by Cybersecurity Tracker