The month of July 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. 810,306,000 Brazilian reals (approximately US$140 million) were stolen from the reserve accounts of six financial institutions because of the security breach.
In the wake of the attack, which made news headlines in Brazil, the count
