Similar Stories to An Email Scam Cost One Of Europe's Biggest Companies $40 Million on Bing News

Earlier this month, Leoni AG, one of the world’s largest manufacturers of wires and electrical cables, informed investors that the German company lost almost 40 million euros (or about $44.6 million) to online scammers. Today, we finally know how: According to investigators, the thieves simply spoofed emails to look like official payment requests, a tactic known as “CEO fraud.”Read more...

Topics:  leoni ag   german    ceo   email   scam   million   
BING NEWS:
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    05/6/2024 - 12:56 am | View Link
  • Germany busts 'Europe's largest scam call centre network'
    An international police operation involving officers from Germany, Albania, Bosnia, Kosovo and Lebanon raided 12 call centres and detained 21 people.
    05/2/2024 - 12:47 am | View Link
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