"Zephyr Energy plc has admitted a cyber incident siphoned off roughly £700,000 after a single payment to a contractor was quietly redirected to an attacker-controlled account."
"The company says its systems have been reviewed by external consultants, the issue has been contained, and day-to-day operations have not been disrupted."
"In cases like this, they often boil down to tighter payment verification, stronger controls around supplier bank detail changes, and a renewed appreciation for picking up the phone before sending large sums of money into the void."
"The board says the company has more than enough working capital to absorb the loss from this incident."
Zephyr Energy plc reported a cyber incident where £700,000 was siphoned off due to a payment being redirected to an attacker-controlled account. The attack targeted one of its American subsidiaries and was described as highly sophisticated. The company acted quickly by notifying law enforcement and collaborating with banks to recover the funds. Zephyr confirmed that its systems were reviewed, the issue was contained, and operations remained unaffected. Additional security measures have been implemented, although specific details were not disclosed.
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