"Texas-based carbon black company Orion informed investors that it lost $60 million after falling victim to a criminal scheme involving multiple fraudulently induced outbound wire transfers to unknown third parties."
"These schemes often involve tricking employees, especially in finance, into initiating bank transfers to accounts controlled by fraudsters, utilizing methods like hacking executive email accounts."
"The FBI notes that these scams have escalated into a multi-billion dollar problem, impacting companies of all sizes, emphasizing the need for robust protection against such email scams."
"Fortunately, there are simple and effective strategies to protect against these sophisticated email schemes, which have led to significant financial losses for many businesses."
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