Luxembourg-based chemicals and manufacturing giant Orion SA is telling US regulators that it will lose out on around $60 million after it was targeted by a criminal wire fraud scheme.
"As a result of this incident, and if no further recoveries of transferred funds occur, the company expects to record a one-time pre-tax charge of approximately $60 million for the unrecovered fraudulent wire transfers." Usually, the email address is well-concealed – perhaps just a single character is amiss. The scammers often also carry out thorough research of both the target and their supplier, learning how and when they communicate to make the deception even more convincing.in January 2023.
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