Cyberattack hits C&M Software impacting Brazilian financial institutions

Keypoints

• The cyber attack targeted C&M Software, a provider for Brazilian financial institutions.
• The incident impacted reserve accounts of certain institutions.
• The Central Bank ordered C&M to block stakeholder access temporarily.
• Critical systems of C&M remain secure and unaffected.
• C&M is cooperating with authorities to investigate the incident.
• The attack was discovered and reported on a Monday.
• Authorities are actively involved in managing the situation.