Mexico Acknowledges Banks Were Hacked; Losses Unknown

Mexico established a one-day waiting period on electronic money transfers of over $2,500 in the wake of a hacking attack that may have taken as much as $20 million from several Mexican banks.

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It was the latest in a string of embarrassments for the Mexican banking system, which has seen slowdowns in e-payment, debit card transactions and transfers since late April.

The head of the country’s central bank, Alejandro Diaz de Leon acknowledged that a “cyberattack” was involved in shadowy transfers of between $18 million and $20 million.