Cyberattack on Evertec’s Sinqia Hits HSBC, Others in Brazil

In a cyberattack on Sinqia, a financial technology provider owned by Evertec, hackers attempted to steal around 420 million reais (approximately $77.4 million) from several Brazilian financial institutions, including HSBC Holdings Plc's local operations. The incident occurred on Friday, according to a report by O Globo. Sinqia, which provides services to various banks and financial institutions in Brazil, was targeted by the hackers in an effort to siphon off a significant amount of funds. The attack was directed at multiple Brazilian financial institutions, highlighting the vulnerability of the country's financial infrastructure to such cyber threats. While the report does not provide details on the extent of the successful theft or the impact on the affected institutions, the incident underscores the importance of robust cybersecurity measures in the financial sector to protect against such malicious attempts to compromise data and financial systems.