Belgian Bank loses 70 million to CEO scam

Synopsis

In January 2016, Crelan Bank, the Belgian subsidiary of Crédit Agricole, fell victim to a Business Email Compromise (BEC) scam, resulting in a loss of €70 million ($75.8 million). This type of cybercrime, also known as CEO Fraud or Whaling Attack, inv...

Companies

  • Crelan

We've done the analysis so you can make the decisions

Search our repository of 6,553 high-quality, objective, peer-reviewed case studies, impacting 6,639 companies and resulting in $43,992,921,015 in net costs

  • Sophisticated search & querying
  • Financial data extracted
  • Key data points captured
Want to try before you buy? You can sample one of our case studies for free here