BEC scam costs Orion nearly $60M

Such a loss stemmed from unknown attackers luring a non-executive employee to conduct several outbound wire transfers to their controlled accounts, said Orion in a filing with the Securities and Exchange Commission. No further details regarding the incident were provided but Orion emphasized that investigation is still underway and that several legal means of recovering the exfiltrated funds are being explored.

Source: SC Magazine

 


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