It has been reported that a Dubai-based exhibitions firm has lost $53,000 (Dh194,700) in an elaborate phishing attack. Binu Manaf, CEO and managing director of Cheers Exhibition, said a cybercriminal hacked his firm’s email and then used a spoofed email to trick its client to wire the funds into an overseas bank.The CEO said he didn’t realise the company’s email account had been hacked until one of his clients enquired if he had sent out emails seeking payments into an overseas account instead of a local bank in Dubai.
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