economy
April 19, 2026
LOST MILLIONS DUE TO ONE EMAIL! Unprecedented scam, well-known company devastated
The amount of damage is 1.6 million euros
TL;DR
- An Estonian company fell victim to a BEC scam, resulting in a loss of 1.6 million euros.
- The scam involved a fraudulent email that appeared to be from a partner company.
- The fake email requested that payments be rerouted to a different bank account.
- BEC scams rely on phishing and impersonation to deceive recipients into making fraudulent payments.