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