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$140 Million Stolen: Brazilian Banking Infrastructure Gets Hacked Overnight

  • 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.

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