Brazil's banking infrastructure was targeted in a $140 million cyberattack, with hackers exploiting an employee who sold login credentials for $2,700.
A significant amount of the stolen funds was quickly converted into cryptocurrencies for laundering, highlighting the increasing use of crypto in money laundering activities.
The incident underscores the vulnerabilities of centralized systems and demonstrates the risks associated with relying on them in the digital age.
This breach serves as a reminder of the importance of reevaluating access management and infrastructure to prevent such large-scale cyber thefts in the future.