Hacker stole £700,000 from U.K. energy company by redirecting payment
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British oil and gas company Zephyr Energy reported a theft of £700,000 from a U.S. subsidiary due to a payment redirection by hackers. The company is collaborating with banks to recover the funds and stated that operations remain normal. Although the method of the attack was not disclosed, it is believed to involve business email compromise tactics. Zephyr has implemented additional security measures following the incident, which the FBI identified as a significant source of financial losses in cybercrime.
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