Around the Net
Leoni Lost $40 M to CEO Spam Email
- Fed Scoop, Tuesday, September 13, 2016 8:09 AM
The CFO of Leoni AG, one of the world's largest manufacturers of electrical cables, was duped out of almost $40million of company funds after he fell for a spam email. The email was targeted specifically at the executive and looked as though he was to make a payment to a supplier. CEO scams are hurting more and more companies globally.
