money
An Email Scam Cost One of Europe’s Biggest Companies £33 Million

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 £33 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 >>