Breetec International

Profile narrative

Breetec International, also known as Breetec, has its headquarters in Belgium.

On 24 May 2015, the organisation was targeted in a cyber attack that compromised its systems. The attack commenced with malicious email attachments that were disguised as important documents. Recipients who opened the attachments inadvertently installed malware designed to interfere with the Isabel payment system. Once active, the malware created fraudulent transactions within the legitimate payment queue. It leveraged existing, authenticated user sessions to authorise transfers that had not been sanctioned by the account holders. The unauthorised transfers were routed to bank accounts located outside the organisation’s home country. Investigators traced one of the destination accounts to a financial institution in Dubai. The financial loss resulting from the incident was estimated at approximately 80,000 euros. The breach illustrates how social engineering tactics can be combined with payment‑focused malware to facilitate fraud. No additional information regarding the organisation’s core products, market reach, size, or ownership structure is provided in the available sources. Consequently, any description of Breetec’s business activities or sector positioning would be speculative and is therefore omitted.

Incidents

1 incident linked to this organisation.