Start your day with intelligence. Get The OODA Daily Pulse.

Home > Briefs > Cyber > Police in Brazil Arrest a Suspect Over $100M Banking Hack

Police in Brazil Arrest a Suspect Over $100M Banking Hack

An insider-led hack has drained over 540 million reais from PIX.

Police in São Paulo arrested C&M employee João Roque for allegedly selling his IT credentials to hackers who diverted more than 540 million reais from the Central Bank’s PIX instant-payment system in one night. Authorities say the breach targeted a single financial institution, at least four other suspects were involved, and roughly 270 million reais have since been frozen. Brazil’s Central Bank suspended part of C&M’s operations, and the company attributes the incident to social engineering rather than technical flaws.

Read more:

https://www.securityweek.com/police-in-brazil-arrest-a-suspect-over-100m-banking-hack/

Tagged: Banking Brazil hack