Crédit Mutuel Arkéa said nearly all operations resumed on November 4 after a sophisticated external cyberattack forced the French banking group to temporarily suspend some transactions. Attackers used the bank’s own account to send funds to other financial institutions, which could then have enabled conversion into cryptocurrency through specialized platforms. The group said customer funds were not affected and the incident had been contained.
Crédit Mutuel Arkéa said the attackers entered through the platform of one of its service providers rather than through customer accounts or Fortuneo. The bank declined to confirm reports that €118 million, or about $133 million, had been stolen, saying only that the figure was in the correct order of magnitude. A portion of the affected funds was blocked, while recovery efforts and the final financial assessment remain ongoing, alongside broader vigilance against potential crypto scams.
The bank is working with judicial and police authorities to determine the attack’s origin and modus operandi. It also said the sums involved do not threaten its financial health or stability. The next key development is the final loss estimate and the outcome of recovery efforts, as Crédit Mutuel Arkéa continues strengthening security controls and monitoring for phishing attempts linked to the incident.
Source: Crédit Mutuel Arkéa.
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