Credit Mutuel Arkea

French bank Credit Mutuel Arkea hit by cyber attack with losses over 100 million euros

Credit Mutuel Arkea◼ reports losses exceeding 100 million euros from a cyber attack and has recovered part of the funds, though the amount recovered is undisclosed. Specialist police investigators are probing the incident. The bank's president said such attacks are becoming more frequent and that many are stopped, pointing to recent similar cases affecting European supermarkets.