Irish Independent : Independent | How Italian sewage tunnel heist sparked security fears for European banks

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The article details a daring robbery at the Crédit Agricole bank in Naples’ Vomero district, where a gang of “mole men” dug a 12‑metre tunnel over several weeks and accessed the vault through the city’s sewer network. On the day of the heist, three masked men entered the bank, held 25 staff and customers hostage, and opened more than 40 safety deposit boxes believed to contain jewellery, watches, gold and cash before retreating down the concealed tunnel, sealing manhole covers to block police pursuit. The operation, likened to a Hollywood film, highlights serious security lapses, prompting experts to urge banks across Europe to reassess subterranean alarm systems, install calibrated vibration detectors, and consider proximity to sewers or metro lines, while also noting that modern threats such as AI‑enabled hacking may be an even greater concern.

Read more: https://www.independent.ie/world-news/europe/how-italian-sewage-tunnel-heist-sparked-security-fears-for-european-banks/a1152635806.html

#CreditAgricole #MetropolitanPolice #HattonGarden #AnjaShortland #Europeanbanks #DickEllis

AI generated summary, Read the full article for complete information.

All major economies are trying to move away from Visa and Mastercard.

https://nebula.tv/videos/techaltar-every-major-economy-is-trying-to-ditch-visa-mastercard

Compared to other parts of the world, however, Europe is progressing slowly. Hopefully, we can soon launch the European Credit Card and Circuit for debit card payments to serve as an alternative to Visa, Mastercard, and Maestro.

@arjenlubach

Video ⤵️

#Wero #WeroPay #Wero_Pay #iDeal #BoycottVisa #BoycottMaestro #BoycottUSA #BoycottMastercard #EPI #DebitCard #EuropeanDebitCard #EuropeanBanks #werowallet #Maestro #MaestroCircuit #DigitalAutonomy #EuropeanDigitalAutonomy #EUDI #EUDIwallet

European Banks Launch Euro Stablecoin

https://www.olamnews.com/economy/2656/european-banks-launch-euro-stablecoin/

Most of the 20 large European banks in Fitch Ratings’ latest quarterly credit monitor performed well in 1H25. Revenue generation was resilient to declining interest rates, and cost and asset quality pressures were generally contained.

https://dmarketforces.com/large-european-bank-earnings-to-reduce-slightly-for-2025-fitch/

#Europeanbanks

In retaliation for European Union sanctions on two Chinese banks, China on Wednesday imposed counter-measures against two European lenders: UAB Urbo Bankas and AB Mano Bankas.

https://dmarketforces.com/china-hits-2-european-banks-with-sanctions/

#China #EuropeanBanks