"Zephyr Energy stated that it is working with corresponding banks and consultants to attempt to recover the diverted funds after the theft of £700,000."
"The company indicated that hackers often break into email inboxes or accounting systems to alter bank account and routing numbers during payment processes."
"According to the FBI's annual report, business email compromise attacks are a leading source of financial losses, totaling more than $3 billion in 2025."
"Following the incident, Zephyr Energy mentioned that it has implemented additional layers of security while maintaining that its operations are running normally."
Zephyr Energy reported a theft of £700,000 from a U.S. subsidiary, where a payment intended for a contractor was redirected to a hacker-controlled account. The company is collaborating with banks and consultants to recover the funds. Although the exact method of the breach was not disclosed, it is suspected to involve business email compromise attacks, which have caused over $3 billion in losses in 2025. Zephyr claims its operations remain normal and has added security measures post-incident.
Read at TechCrunch
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