Computer Security News and Insights
In 2023, a single spear phishing email cost MGM Resorts an estimated $100 million in losses and recovery. The attacker didn't blast out a million generic messages — they researched one employee, crafted one convincing message, and made one phone call to the help desk. That's the
In 2023, MGM Resorts lost an estimated $100 million after a threat actor social-engineered their way past the help desk with a single phone call. One conversation. No malware payload, no zero-day exploit, no sophisticated code. Just a human being who wasn't prepared for the moment. That'
In 2023, the FBI's Internet Crime Complaint Center received over 298,000 phishing complaints — more than any other cybercrime category. That number has only grown since. I've spent years helping organizations respond to phishing incidents, and the pattern is almost always the same: someone clicks a
In March 2024, a finance employee at a UK-based engineering firm wired $25 million to threat actors after a deepfake video call. The attackers had spoofed the company's CFO — but the entire attack chain started with a single phishing email. That first message contained at least four classic
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
