John Winchcombe
Editor
Thursday, September 25, 2025
Categories
Crime
Payments
Brazil Loses $148 Million To Hackers in Less Than Three Hours
In Brazil, hackers have gained access to funds worth BRL 800 million ($148 million), held in accounts at the Banco Central do Brasil (BCB). They achieved this by exploiting the valid credentials of an employee associated with the BCB’s instant payment network Pix. The implications and consequences of this incident have led to doubts about the cybersecurity of Brazil’s financial system.
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