Computer Security News and Insights
The Email That Cost One Company $37 Million In 2024, a finance employee at a multinational firm joined a video call with what appeared to be the company's CFO and several colleagues. Every face on that call was a deepfake. The employee authorized $25.6 million in transfers
One Click Cost Them $100 Million In 2023, MGM Resorts was brought to its knees — not by a sophisticated zero-day exploit, but by a phone call. A threat actor called the help desk, impersonated an employee found on LinkedIn, and gained access to internal systems. The resulting ransomware attack cost
One Invoice, One Email, $47 Million Gone In 2024, Orion Engineering lost $47 million to a single fraudulent wire transfer. The attacker didn't hack a firewall or exploit a zero-day. They compromised a vendor's email account, inserted themselves into an ongoing invoice thread, and changed the
A Single Email Cost This Company $100 Million In 2015, Ubiquiti Networks disclosed that threat actors used spear phishing emails to impersonate executives and trick finance employees into wiring $46.7 million to overseas accounts. They eventually recovered some of it, but the damage was done. That wasn't
A Single Email Cost This Company $46.7 Million In 2015, Ubiquiti Networks disclosed that threat actors impersonated senior executives and tricked employees into wiring $46.7 million to overseas accounts. The attackers didn't exploit a software vulnerability. They didn't deploy ransomware. They sent emails — carefully
A Single Text Message Cost One Company $15 Million In 2022, Twilio disclosed that attackers used SMS phishing — smishing — to trick employees into surrendering their credentials. The threat actors sent text messages impersonating the company's IT department, directing staff to a fake login page. That single campaign compromised
The Phone Call That Cost One Company $25 Million In early 2024, an employee at engineering firm Arup joined a video call with what appeared to be the company's CFO and several colleagues. Every face on screen was a deepfake. The employee transferred $25 million across multiple transactions
The Attack That Didn't Need a Single Line of Code In September 2022, an 18-year-old allegedly breached Uber's internal systems. The method wasn't a zero-day exploit or some sophisticated malware. It was a text message. The attacker bombarded an Uber contractor with multi-factor authentication
In January 2024, a finance employee at Arup — the engineering firm behind the Sydney Opera House — joined a video call with what appeared to be the company's CFO and several colleagues. Every face on the screen was a deepfake. By the time anyone realized what happened, the employee
In 2023, MGM Resorts lost an estimated $100 million after a threat actor called the company's IT help desk, impersonated an employee found on LinkedIn, and convinced a technician to reset credentials. The entire breach started with a phone call and a convincing story. That story — the fabricated
