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THIS WEEK: 130 banks across Paraguay, Japan and France had a collapse, an outage or a hack. The scale of damage ranged from frozen bank cards to a fallen president: 1. 🇵🇾 Paraguay's ueno bank collapsed, cutting nearly 3 MILLION people off from their savings and costing President Santiago Peña his job. 2. 🇯🇵 A system failure knocked out ATMs and counters at 128 small Japanese banks for over 5 hours on Friday. 3. 🇫🇷 Hackers hit France's Crédit Mutuel Arkéa with fraudulent transactions, though the bank says customers won't lose any money. 4. 🇯🇵 Hackers stole the personal details of up to 320,118 loan customers from Japan's SMBC Consumer Finance, including driver's license numbers. 5. 🇧🇷 Hackers breached Brazil's FGC, the fund that repays savers when a bank fails, leaking names, tax IDs and emails. 6. 🇧🇷 Pix, the payment system most Brazilians use every day, went down for some users on Friday before a quick fix. Peña is now under house arrest and denies any wrongdoing. Paraguay has now started paying ueno customers back, with deposits insured up to about $37,000 each.

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