<ul data-eligibleForWebStory="false"><li>A major security breach hit Brazil's banking infrastructure, resulting in a loss of $140 million.</li><li>The breach occurred through an insider threat where hackers purchased employee log-in credentials for $2,700.</li><li>Hackers targeted C&M Software, a key service provider connecting the Central Bank of Brazil to local financial institutions, leading to significant financial losses.</li><li>Experts suggest that decentralized blockchain technologies could provide better protection against such breaches as centralized systems become more vulnerable to cyber attacks.</li></ul>

Major Security Breach Hits Brazil’s Banking Infrastructure; Lost $140M

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