A major cyber heist struck Brazil today: hackers exploited a vulnerability in a Banking-as-a-Service (BaaS) provider’s infrastructure and stole over R$1 billion (~US$185 million) from the account of BMP, a BaaS firm active since 1999. The breach happened via the services provider C&M, which supports multiple financial institutions. The attackers gained access to various accounts, with BMP bearing the brunt. Central Bank technical teams have now isolated C&M’s systems and are investigating the incident. BMP’s clients reportedly won’t suffer losses, as the company holds collateral covering the stolen amount
Well, you know when someone is an icon, when he becomes synonymous with being the best at something. When we say that someone is the Pelé of some area, it is synonymous with excellence.