Publicly disclosed information for this event

Index Number:

Title:

2014_001

An international bunkering company is hit by false wiring transfer scam.

Day	Month	Year	Country	Activity	Incident Type
XX	N/A	2014	United States	Logistics	Scam

Summary

Bunkering companies are high value targets for scammers. Handling worldwide money transactions in exchange for fuel bunkering, vulnerable procedures (lack of double check with alternative mean, for instance) or low awareness can lead to important financial consequences.

According to sources, in this case, the attackers impersonated the seller and sent emails requesting payment to be made to a different bank account. The funds were sent into the scammer's bank account.

The victim was taken to court by its insurer, the cost of the scam for the bunkering company was evaluated to a $18 million loss.

Victim

World Fuel Services

Claimed/Reported Threat Actor

N/A

Origin

Cybercrime

Main impact

Integrity

References

Recommendations to Logistics to reduce Scam risks:

Train personnel to recognize common scam tactics and red flags.
Implement email filtering and web filtering systems to block known scam websites and emails.
Educate employees about the risks of sharing sensitive information with unknown entities.
Establish clear and safe communication channels for reporting potential scams within the organization.
Regularly update scam threat intelligence from your CSIRT organization to stay informed about emerging scams.

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Disclaimer: the data are provided as is. France Cyber Maritime and the M-CERT take no responsibility for the soundness, quality, precision, nor the eventual attribution made by the referenced URLs. We give a lot of respect and support to the victims of attacks.

Files generated on Monday, 11th December 2023.
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