Covers whaling attacks — highly targeted phishing campaigns aimed at C-suite executives, directors, and other high-value individuals. Articles detail how attackers craft convincing impersonations, the financial and reputational damage these attacks cause, and the security measures that stop them.
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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
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
The CEO Who Wired $47 Million to a Threat Actor In 2016, Austrian aerospace manufacturer FACC lost €42 million (roughly $47 million) after attackers impersonated the company's CEO via email and convinced an employee in the finance department to transfer funds for a fake acquisition project. The CEO
