Two C-Level Execs Fall Victim to 21 Million Dollar Phishing Fraud Email Scheme

A movie chain company’s Managing Director and CFO were ensnared in a Phishing Email Scheme that cost their company 21 million dollars and them their jobs. As Phishing email scams become more prevalent and their content/appearance more authentic, it is imperative that all those involved in the financial transactions of any firm be aware of the threat and educated about detecting these nefarious campaigns. Every firm should have protection mechanisms to not only block these emails, but procedures to determine the validity of any request for monetary transfers.

If you need any assistance with your security posture and/or your Business Continuity/Disaster Recovery BCDR please reach out to the security experts at MTBW Services, Inc.

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