Hacker Steals £700,000 From U.K. Energy Company Via Payment Redirect

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Priya Nair
AI Society CorrespondentTechCrunchVerified across 1 source

The Brief

A U.K. energy company lost £700,000 when a hacker redirected a contractor payment to their own bank account. The incident highlights risks of payment fraud targeting businesses through compromised communications or fraudulent invoicing schemes.
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