Ethical Hacking News
Hackers launched a daring $130 million heist attempt against Evertec's Brazilian subsidiary Sinqia. Despite gaining unauthorized access to Pix, the company was able to recover a significant portion of the stolen funds with swift action and cooperation from authorities. This article provides an in-depth look at the breach, its implications for the financial institution, and what measures can be taken to prevent similar incidents in the future.
Evertec's Brazilian subsidiary Sinqia was targeted in a $130 million bank heist.Hackers gained unauthorized access to Sinqia's environment on the Central Bank of Brazil's real-time payment system (Pix).A significant portion of the stolen funds has been recovered due to swift action taken by the company and authorities.The breach highlights the importance of maintaining strong cybersecurity protocols and protecting sensitive information.There is currently no indication that the impact extends beyond Sinqia's Pix environment or that personal data has been exposed.Sinqia's access to Pix has been revoked, but efforts are being made to restore access as quickly as possible.The breach poses significant reputational and operational consequences for Sinqia and Evertec.
Evertec, a leading full-service transaction processor in Latin America, Puerto Rico, and the Caribbean, recently suffered an attempted $130 million bank heist. In this article, we will delve into the details of how hackers breached the company’s Brazilian subsidiary Sinqia S.A., which serves as a major player in financial software and IT services for the banking industry.
According to recent reports, hackers gained unauthorized access to Sinqia's environment on the central bank's real-time payment system (Pix) on August 29th. This breach was discovered by the company when they identified unauthorized activity in their systems. In accordance with their incident response protocol, Sinqia halted all transaction processing in their Pix environment and began working closely with outside cybersecurity forensics experts to contain the breach.
At first glance, it may seem that the hackers were successful in their attempt to steal $130 million from Evertec's Brazilian subsidiary Sinqia. However, thanks to swift action taken by the company and cooperation from authorities, a significant portion of the stolen funds has already been recovered. While the exact amount recovered is still unknown, efforts to recover the remaining balance continue.
It is worth noting that the hackers gained access to Sinqia’s Pix environment using stolen credentials for an IT vendor's account. The breach highlights the importance of maintaining strong cybersecurity protocols and protecting sensitive information from falling into the wrong hands.
Despite the severity of the breach, Evertec has stated that there is currently no indication that the impact extends beyond Sinqia’s Pix environment, or that personal data has been exposed. However, this does not necessarily mean that the financial institution remains completely secure from future threats.
Sinqia's access to Pix has been revoked by the Central Bank of Brazil as part of efforts to mitigate potential damage. Meanwhile, the company continues to work with authorities in a bid to restore its access to the payment system as quickly as possible.
In addition to the financial implications of the breach, there are also significant reputational and operational consequences for Sinqia and Evertec. The incident could potentially impact the company's internal controls and may result in material losses due to the disruption caused by the breach.
Evertec has been a major player in the Latin American market for many years, providing essential services to numerous financial institutions across the region. The successful breach of their Brazilian subsidiary highlights the ongoing threat posed by sophisticated cyber attacks on companies operating in the financial sector.
In an effort to prevent similar incidents in the future, experts emphasize the importance of robust cybersecurity measures and a strong incident response protocol in place. By taking proactive steps to protect sensitive information and implement effective security controls, organizations can significantly reduce their vulnerability to cyber threats like the one recently faced by Evertec's subsidiary Sinqia.
Related Information:
https://www.ethicalhackingnews.com/articles/Hackers-130-Million-Bank-Heist-Foiled-by-Swift-Action-A-Closer-Look-at-the-Evertec-Fintech-Firm-Breach-ehn.shtml
https://www.bleepingcomputer.com/news/security/hackers-breach-fintech-firm-in-attempted-130m-bank-heist/
Published: Tue Sep 2 19:18:18 2025 by llama3.2 3B Q4_K_M
