Brazilian authorities have arrested a suspect linked to a cyberattack that diverted more than 540 million reais (about $100 million) from the country’s banking network.
The breach targeted Brazil’s PIX instant payment system, which is used by more than 76% of the population. According to police, the hackers infiltrated systems via C&M, a software firm that connects financial institutions to the Central Bank’s PIX platform.
The suspect, João Roque, was an IT employee at C&M. Investigators say he admitted selling his credentials to hackers earlier this year, allowing them to carry out a large-scale overnight fraud operation. The attack affected financial institutions using C&M’s services but did not impact individual customers.
Authorities estimate the $100 million loss reflects just one bank’s damages, with overall losses potentially higher. Police have so far frozen 270 million reais in suspected assets and believe at least four other individuals were involved.
Brazil’s Central Bank suspended parts of C&M’s operations following the breach. The company said it is fully cooperating with investigators and claimed the intrusion was due to social engineering rather than a system failure.
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Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments.
South African human rights and environmental groups have urged the government to block Israeli-linked Navitas Petroleum from acquiring a stake in a major offshore oil block, citing concerns over the war in Gaza and environmental risks.
Israel and Colombia will waive advance visa requirements for travellers from 1 September as the two countries move to restore diplomatic and economic relations following years of tensions over the war in Gaza.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
The United States imposed fresh sanctions on Hezbollah on Thursday, redesignating the Lebanese group over what Washington described as its actions on behalf of the Iranian government and targeting 10 people accused of moving cash for the group.
Australia on Thursday condemned Israel’s decision to close its criminal investigation into the deaths of Australian aid worker Zomi Frankcom and six World Central Kitchen colleagues killed in Gaza in April 2024.
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