Hackers arrested over €30M bank fraud exploiting service provider flaw

Hackers arrested over €30M bank fraud exploiting service provider flaw
Four cybercriminals were arrested in Brazil and three others were charged in Europe after exploiting a vulnerability at a service provider to withdraw money from Commerzbank customer accounts. The operation, linked to losses of about €30 million and dubbed Operation Klonen, involved laundering the funds through a network spanning Brazil and several European countries. #Commerzbank #OperationKlonen #BKA

Keypoints

  • Four suspects were arrested in Brazil over fraudulent withdrawals from Commerzbank accounts.
  • Three additional suspects were charged in Spain and Bulgaria.
  • The attackers used a software flaw at a service provider to make unauthorized debits.
  • Stolen funds were moved through pass-through accounts, companies, and payment platforms.
  • Brazil’s Operation Klonen led to searches, arrests, and asset seizures worth up to R$106 million.

Read More: https://www.bleepingcomputer.com/news/security/hackers-arrested-over-30m-bank-fraud-exploiting-service-provider-flaw/