Hackers steal €100 million from French lender Credit Mutuel Arkea

Hackers stole about €100 million (roughly $112.61 million) from French lender Credit Mutuel Arkea in a cyber heist that triggered a criminal investigation and led the bank to temporarily suspend some transactions. Credit Mutuel Arkea confirmed on November 5 that it was working to recover the funds but could not yet say how much would be retrieved. The attack, first disclosed on November 4, comes after recent high-profile cyber incidents, including a $6.3 billion cryptocurrency theft from Binance and other European attacks on internet-connected refrigeration systems. The bank said the perpetrators carried out “fraudulent transactions” using an account belonging to the bank. As a precaution, it paused certain transactions; customer assets were not affected. Prosecutors in Paris said they launched an investigation led by France’s cybercrime police, and the bank reported the incident to the European Central Bank, French banking supervisors and prosecutors.