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title: French banking group hit by supply chain cyberattack
description: French regional bank Crédit Mutuel Arkéa confirmed attackers accessed an internal account through an unnamed third-party service provider's platform and...
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og:description: French regional bank Crédit Mutuel Arkéa confirmed attackers accessed an internal account through an unnamed third-party service provider's platform and...
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# French banking group hit by supply chain cyberattack

**[CSO Online](https://daily.dev/sources/csoonline)** · 2 min read · 0 upvotes · 0 comments

## Summary

French regional bank Crédit Mutuel Arkéa confirmed attackers accessed an internal account through an unnamed third-party service provider's platform and transferred funds to other financial institutions. Blockchain investigator ZachXBT first flagged the breach on Monday, and the bank confirmed its identity as the victim on Wednesday. French newspaper Le Télégramme reported the stolen amount as over €118 million ($133 million), and the bank said only that the order of magnitude was accurate. The bank temporarily suspended some transactions, says customer assets are unaffected, and some funds have already been frozen for recovery. French law enforcement is investigating.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.csoonline.com/article/4245357/french-banking-group-hit-by-supply-chain-cyberattack.html>

## Questions this post answers

### What happened in the Crédit Mutuel Arkéa cyberattack?

Attackers accessed an internal account at Crédit Mutuel Arkéa through an unnamed third-party service provider's platform and transferred funds to other financial institutions, potentially for conversion to cryptocurrency. French newspaper Le Télégramme reported the theft exceeded €118 million ($133 million), an order of magnitude the bank confirmed without giving an exact figure. The bank suspended some transactions and says customer assets were not affected.

_Teams assessing third-party risk in financial systems can follow incidents like this on daily.dev._

### Who discovered the Crédit Mutuel Arkéa breach?

Blockchain investigator ZachXBT first detected the attack on Monday and reported it without naming the victim, before identifying Crédit Mutuel Arkéa as the suspected target on Wednesday, a claim the bank then confirmed. Cryptocurrency news outlet CoinDesk had covered the initial, unattributed finding the day before the bank's public admission.

_Developers tracking how security researchers uncover supply chain breaches can follow coverage on daily.dev._

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---

Tags: [#security](https://daily.dev/tags/security), [#cyber](https://daily.dev/tags/cyber), [#crypto](https://daily.dev/tags/crypto)

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