Video
A Luxembourg-based chemicals and manufacturing company falls victim to a $60 million wire transfer fraud in a recent business email compromise (BEC) attack.
16 Aug 2024
The company’s employee was tricked into making multiple wire transfers to cybercriminals, resulting in a significant financial loss. This incident highlights the growing threat of BEC scams, which rely on social engineering tactics to deceive employees into transferring funds.
The FBI’s Internet Crime Report 2023 identifies BEC as the second most damaging cybercrime, causing billions of dollars in losses. To learn more about the implications of BEC schemes, watch our latest video featuring Tony.
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