The publishing giant Nikkei lost roughly 29 million dollars after an employee of the Nikkei America subsidiary was tricked by scammers to send the funds to a bank account that they controlled. Nikkei is one of the world’s largest media corporations with around four million print and digital subscribers, and more than 40 affiliated companies involved in publishing, broadcasting, events, database services, and the index business. Business email compromise (BEC) is a fraud scheme which criminals use to trick a company’s employees into sending funds to an attacker-controlled account. In this case, a criminal impersonated a Nikkei executive into sending the funds to a fraudulent account.
By Anthony Zampino Introduction Leading up to the most recent Russian invasion of Ukraine in