Toyota Parts Supplier Hit By $37 Million Email Scam

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It's time for your org to double down on email security.

Share to twitterThe Toyota Boshoku Corporation, a major supplier of Toyota auto parts, reported some distressing news this week. Fraudsters fleeced the company via an email scam to the tune of about ¥ 4 billion . That works out to just over $37 million at today's exchange rate.On August 14th, attackers managed to convince someone with financial authority to change account information on an electronic funds transfer.

The attacker's playbook is fairly straightforward. They start by identifying names and email addresses of potential victims and a suitable name and email address from which to launch the attack .

 

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