threat-intel
Investigation of banking hack leads to arrests in Germany, Brazil
High
Summary
A coordinated investigation in Germany and Brazil has resulted in arrests and asset seizures linked to a €30 million banking hack. The hackers exploited a vulnerability in a payment provider to drain funds from German accounts, then laundered the money through networks in Brazil and Europe. A suspect involved in the operation was also a candidate for elected office, using a portion of the stolen funds for their campaign.
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