'Heist of a new kind': AI-enabled scam reportedly managed to steal… | HappeningNow.news

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'Heist of a new kind': AI-enabled scam reportedly managed to steal $110 million from French bank

AI-enabled hacking is only continuing to get more impressive, and more scary, as a French bank claims a hacking group has cost it €100,000,000 (around $110,000,000)—about one quarter's profits. So not much, then?

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A French bank reported that an AI‑enabled hacking group stole roughly €100 million, about $110 million, representing about a quarter of its profits. The loss was disclosed by Julien Carmona of Crédit Mutuel Arkéa in an interview with the AFP, as cited by Boursorama. Carmona described the incident as a “heist of a new kind” and said the bank holds the dubious distinction of being the first French—and possibly the first European—bank targeted by a successful fraudulent attack.

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