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A Single Spoofed Email Cost This Company $47 Million In 2024, the SEC disclosed that Ubiquiti Networks lost $46.7 million after attackers used a spoof of executive email accounts to trick the finance department into wiring funds to overseas accounts. The employees thought they were following orders from the
The CEO Email That Wasn't From the CEO In early 2025, a mid-sized logistics company wired $3.1 million to a bank account in Hong Kong. The CFO had received an email — apparently from the CEO — requesting an urgent wire transfer for a confidential acquisition. The email address
A Single Spoofed Email Cost This Company $46.7 Million In 2016, FACC Operations GmbH, an Austrian aerospace parts manufacturer, lost €42 million (roughly $46.7 million USD) after attackers sent a spoofed email impersonating the company's CEO. The finance department wired the money to accounts controlled by
