Crédit Mutuel Arkéa hit by cyberattack, with losses reportedly around €100 million

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French banking group Crédit Mutuel Arkéa was hit by a cyberattack, with around €100 million reportedly stolen; the group did not confirm the exact loss but acknowledged that the amount stolen was roughly on this scale. The attackers gained access through a third-party service provider’s platform and used the bank’s own accounts to transfer funds to other financial institutions. Some of the funds may subsequently have been converted into cryptocurrency. The group said customer assets were unaffected and that nearly all operations had been restored by November 4, though some transfers had been delayed.