The $47 million scam: next time it could be you
Aug 17, 2015
The $47 million scam: next time it could be you
When the Hong Kong subsidiary of a US firm gets phished for $47 million, treasurers laugh, then check their control processes.
It’s surprising that anyone would fall for it, particularly in finance and control savvy Hong Kong, but sometimes the simplest scams are the most effective.
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