One of Europe’s Biggest Companies Loses €40 Million in Online Scam

One of Europe’s Biggest Companies Loses €40 Million in Online Scam
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Leoni AG, Europe’s biggest manufacturer of wires and electrical cables and the fourth-largest vendor in the world, announced it lost €40 million ($44.6 million) following an online scam that tricked one of its financial officers into transferring funds to the wrong bank account.

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August 31, 2016 at 04:36PM