French bank says cyberattack stole around $100 mn

French regional bank Credit Mutuel Arkea reported a cyberattack that resulted in the theft of approximately 100 million euros ($112 million) through unauthorized transactions. The bank confirmed that while client accounts were unaffected, the stolen funds were later converted to cryptocurrencies, with some efforts ongoing to recover a portion of the money. An official investigation has been initiated regarding the sophisticated external attack.

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.