eyesonbrasil Amsterdam, July 5th, 2025 – In what’s being called the largest cyberattack in Brazil’s financial history, hackers infiltrated the infrastructure of C&M Software—a tech firm that connects financial institutions to the Central Bank—and siphoned off over R$1 billion from reserve accounts. The breach has sent shockwaves through Latin America’s banking sector and exposed critical…
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eyesonbrasil 1. A Glittering Trend Continues Central banks worldwide have embarked on a remarkable journey, accumulating gold reserves at a pace not seen since 1967 when the U.S. dollar was still tethered to this precious metal. As we step into 2024, their commitment to gold remains unwavering. Let’s delve into the reasons behind this glittering…
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New Measures expected eyesonbrasil Amsterdam, 26 March 2023– Brazilian President Luiz Inacio Lula da Silva criticized on Tuesday the country’s central bank, saying that an interest rate of 13.75% – its current level – is “irresponsible,” adding he will continue to fight the current level to stimulate the economy. Brazil’s central bank has been holding…
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