The Experi-Metal employee fell for a phishing scam email that was disguised as a legitimate notification from Comerica and gave the log-in credentials to cybercriminals who then logged in to Experi-Metal's commercial Comerica bank account and began transferring out their funds.
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This is a classic example of a cyberheist. What is not mentioned in the story is the commonality of cybercrimes such as this one. Cyberheists are happening every day that go unreported and don’t make the news because the businesses involved are too embarrassed to come forward and tell their story and the banks play it down as it is very bad Public Relations for them.
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