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.

By Jane Cooper

Aug 20, 2015

linkedin facebook twitter

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.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Banks & Service Providers Treasury Payments Digitalisation Strategy Themes