Hackers arrested over €30M bank fraud exploiting service provider flaw | HappeningNow.news

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Hackers arrested over €30M bank fraud exploiting service provider flaw

Four cybercriminals were arrested in Brazil, and three others were charged in Europe over allegations that they exploited a vulnerability at a service provider, allowing them to withdraw funds from Commerzbank customers' bank accounts.

Source AI Summary Published August 14, 2026 Brief Under 1 min brief
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AI Summary

Four cybercriminals were detained in Brazil and three additional suspects were charged in Europe for exploiting a vulnerability in a service‑provider system to siphon funds from Commerzbank customers. The scheme operated over four days in November 2023, resulting in losses estimated at roughly €30 million ($34.6 million).

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