Sunday, October 1, 2023

What happens to my money after the Caja Popular Mexicana hack?

León.- Following the errors that occurred in its services to its customers, the Mexican popular box (CPM) and later the National Baking and Storage Commission (CNBV) will confirm that the popular box was hacked, Many members are wondering what will happen to their money.

After the third week of July this year 2023, the Mexican popular box reporter asked one of the directors of one of the institution’s branches in the city Leon what happens to that savings partner in the case of Chop.

The manager answered whether he was a partner Mexican popular box and in response to the reporter’s positive answer, he said to him:

“Does it affect the money you have saved in the fund?”

The reporter said no and the manager replied:

“Then you don’t have to worry, whatever you have saved in the fund is safe.”

Regarding the Chop for the Mexican popular box Senior Director of Latin American Analytics for Non-Banking Financial Institutions at the Risk Assessment Agency Fitch rating Mónica Ibarra, said that the Chop for the CPM wasn’t that big.

Also the risk assessment agency Moody’s thought that given the hack the Mexican popular box There could be an increase in costs for the in the near future popular boxes when developing another proposal Digital for its partners, which would likely be reflected in allocating more budget for cybersecurity due to the increased number of employees and significant investments, thereby ensuring the digitalization of popular boxes Be safer.

Indian Moody’s what in Mexico especially financial institutions Banks have made significant investments to improve their surveillance and mitigation capabilities cyber risks after Banks of great importance has suffered a number of incidents in recent years.

According to the National Baking and Storage Commission From June 2023 the Mexican popular box With 38.2 percent of members (almost 3.4 million savings members), it is the largest savings bank in the country Cooperative savings and loan societies (socap) and consolidation of 37.7 percent of the system’s assets.

Nation World News Desk
Nation World News Desk
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