Ryanair loses €4.6 million to scam

The Irish Times reports that budget airline Ryanair “has been hit by a criminal scam in which about $5 million (€4.6 million) was taken from one of its bank accounts… by electronic transfer via a Chinese bank.”

Although no further information has been released, the scam bears all the hallmarks of a phishing attack.

Phishing attacks, in which unsuspecting users are tricked into downloading malware or handing over personal and business information – such as bank account details, which are then exploited by criminals – are becoming increasingly common. They usually take the form of email links to malicious websites masquerading as legitimate ones.

Every day, 156 million phishing emails are sent, 15.6 million make it through spam filters, 8 million are opened, 800,000 recipients click on the links, and 80,000 of them unwittingly hand over their information to criminals.

If you’re concerned about your staff’s susceptibility to phishing attacks, you may be interested in:

IT Governance’s Cyber Security and Phishing Staff Awareness Course will enable you and your team to understand how cyber criminals operate, how they plan and execute their phishing campaigns, and how to spot and avoid phishing tactics.

Our Employee Phishing Vulnerability Assessment will identify potential vulnerabilities among your employees and provide recommendations to improve your security, giving you a broad understanding of how you are at risk and what you need to do to address these risks.

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