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Business email compromise scam costs Pathé $21.5 million

Recently released court documents show that European-based cinema chain Pathé lost a small fortune to a business email compromise (BEC) scam in March 2018. How much? An astonishing US$21.5 million (roughly 19 million euros). The attack, which ran for about a month, cost the company 10 percent of its total earnings. What is business email compromise? Business email compromise is a type of phishing … [Read more...]