This month could barely have started any worse for some financial institutions in Brazil.
On 30 June 2025, C&M Software, a Brazilian company that provides a “bridge” helping the country’s central bank connect to local banks, revealed that it had been hacked.
800 Brazilian reals (approximately US $140 million) was stolen from the reserve accounts of six financial institutions as a result of the security breach.
In the wake of the attack, which made massive news headlines in Brazil, the country
