European retailer Pepco loses €15.5 million in phishing (possibly BEC?) attack

Pepco Group has confirmed that its Hungarian business has been hit by a “sophisticated fraudulent phishing attack.” The European company, which operates shops under the Pepco, Poundland and Dealz brands, said that the company lost approximately €15.5 million in cash as a consequence of the attack. “It is unclear at this stage whether the funds can be recovered, although Pepco is pursuing various efforts through its banking partners and the police. At this stage, the … More →

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