Commercial email fraud dupes 179 Hong Kong and overseas companies, bilking US$51mil in first quarter of 2019

  • 📰 staronline
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

The details of the case were typical of corporate email fraud: In March, swindlers impersonating a senior executive from a subsidiary of the Kuwaiti company sent emails requesting money be transferred

into a specific Hong Kong account.

Local police were notified when the parent company realised it was a scam and filed a report through a lawyer.was sent – with help of a local bank – before the money was siphoned out by swindlers.A law enforcement source said it was possible the subsidiary company’s computer system was infected with a virus or hacked, giving scammers access to information about the business and the relationship with the defrauded company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines