#FinancialFraud

Carbon Black Giant Hit by BEC Scam

Orion, a leading supplier of carbon black, recently lost $60 million in a business email compromise (BEC) scam. Cybercriminals tricked a non-executive employee into making multiple wire transfers to their accounts. This incident highlights the growing threat of BEC attacks, where scammers often impersonate executives or manipulate employees to authorize …

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