scammers

An Email Scam Cost One Of Europe’s Biggest Companies $59 Million

An Email Scam Cost One Of Europe’s Biggest Companies $59 Million

Earlier this month, Leoni AG, one of the world’s largest manufacturers of wires and electrical cables, informed investors that the German company lost almost 40 million euros (or about $59.3 million) to online scammers. Today, we finally know how: According to investigators, the thieves simply spoofed emails to look like…