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Nikkei Inc. recently fell victim to a business email compromise (BEC) scam that cost the Japanese media conglomerate $29 million. In a statement released on October 30, the company revealed that an employee at Nikkei America based in New York City fell… Continue reading BEC Scam Swindled Media Conglomerate Nikkei out of $29 Million
Japanese media company Nikkei Inc. is the latest organization to be fleeced by BEC scammers, to the tune of $29 million. What happened? The company confirmed last week that, in late September, an employee of its US subsidiary,”had transferred app… Continue reading Nikkei hit by BEC scammers, loses $29 million
Nikkei, one of the largest media companies in Japan, with an empire spanning broadcasting, digital media, magazines, and newspapers such as the Financial Times, says that its US subsidiary, Nikkei America, has been scammed out of $29 million.
Read more… Continue reading Nikkei worker tricked into transferring $29 million into scammer’s bank account
In September, a Nikkei America employee transferred $29 million to BEC scammers who were purporting to be a Nikkei executive. Continue reading BEC Scam Costs Media Giant Nikkei $29 Million
Scammers fleeced the publishing conglomerate Nikkei out of $29 million by impersonating an executive at the international firm. Nikkei America, the U.S. subsidiary of the Japanese company, said on Oct. 30 that one of its employees transferred the funds, equivalent to roughly 3.2 billion Japanese yen, “based on fraudulent instructions by a malicious third party” posing as a corporate boss. It’s the latest high profile business email compromise attack carried out by fraudsters who expoit employees’ inherent trust in other people in their organization. The company didn’t provide any specific details, saying only that it quickly realized it had been defrauded, and that the firm had notified law enforcement in the U.S. and Hong Kong. (Hackers frequently divert stolen money to accounts based in Hong Kong.) “We are investigating and verifying the details of the facts and causes of this incident,” Nikkei said in a statement. The company publishes the Nikkei 225 stock […]
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Continue reading Japanese media giant Nikkei says $29 million lost in BEC scam