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Cyber Security

Media Giant Nikkei Loses $29 Million to BEC Scammers

Publishing giant Nikkei lost roughly 29 million dollars after an employee of a subsidiary was tricked by scammers to send the funds to a bank account they controlled. The company is in the process of recovering the stolen funds and is also “taking measures to fully cooperate with the investigations”” The company announced on September 6 that one of its European subsidiaries lost over $37 million following a business email compromise (BEC) attack that took place on August 14. BEC victims lost more than $1

Source: security

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