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Cyberattack at Crédit mutuel Arkéa: the diversion is estimated at 118 million euros

The Breton federal fund did not communicate the amount of the damage, stating on Wednesday that the incident was now "under control".

Translated from French Read in French

Cyberattack at Crédit mutuel Arkéa: the diversion is estimated at 118 million euros

Crédit Mutuel Arkéa, a prominent bank and insurance group affiliated with Crédit Mutuel, has fallen victim to a cyberattack resulting in the theft of approximately 118 million euros. These funds were subsequently converted into cryptocurrencies. The incident has been contained, and according to sources from the bank, no financial consequences will be endured by its clients, Franceinfo reported on Wednesday, confirming preliminary information from the newspaper Le Télégramme, as per EFE.

As a precautionary measure, certain operations were suspended, and the bank's application, headquartered in Brittany, France, and managing subsidiaries such as online bank Fortuneo, was offline this morning for its customers. This marks the first instance of a traditional French bank being pirated in this manner, according to Gallic press reports.

The attack took place just over a week after hackers, linked by U.S. authorities to North Korea, successfully stole around $6.34 billion in cryptocurrencies from the popular platform Binance.

Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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