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The CEO Who Wired $47 Million to a Criminal In 2016, Austrian aerospace manufacturer FACC lost €42 million (roughly $47 million) after attackers impersonated the CEO in emails directing employees to transfer funds for a fake acquisition. The CEO was fired. The CFO was fired. The company's stock
The SolarWinds Wake-Up Call That Still Echoes in Every Boardroom When SolarWinds disclosed its massive supply chain compromise in late 2020, it wasn't just IT teams scrambling — it was CEOs fielding calls from senators, board members demanding answers they didn't have, and general counsel mapping out
In January 2022, a European subsidiary of the Japanese manufacturer Nikkei lost $29 million after a single employee followed wire transfer instructions from a fraudulent email that impersonated a senior executive. That wasn't a failure of firewalls or endpoint detection. It was a surgical, well-researched executive phishing attack
A Single Email Cost This Company $47 Million In 2020, the co-founder of an Australian hedge fund received what appeared to be a routine Zoom meeting invitation. He clicked it. Threat actors gained access to the fund's email system, planted fake invoices, and redirected $8.7 million in
The CEO Who Wired $47 Million to a Threat Actor In 2016, Austrian aerospace manufacturer FACC fired its CEO after the company lost €42 million (roughly $47 million) in a business email compromise attack. A threat actor impersonated the CEO via email and convinced a finance employee to wire funds
