Phishing Attack Dupes Orion Carbon Out of $60M
INCIDENT
About $60 million was stolen from one of the leading suppliers of carbon products after an employee was tricked into making several wire transfers to cybercriminals. The funds were stolen from Orion, a Luxembourg-based company that produces carbon black, a material used to make tires, ink, batteries, plastics and more.
A spokesperson declined to explain the situation in detail but the company filed documents with the Securities and Exchange Commission (SEC) about the incident, which it discovered on Saturday.