Singapore petrochemical firm loses $12.8 million to impersonation email scam
A Singapore petrochemical company was deceived by an email impersonating a business partner and a forged approval document, and wired $12.8 million to a Cambodian account. Singapore police worked with banks and Cambodian police to recover the funds.
Key facts
- Affected organization
- Being confirmed
- Incident type
- Phishing & smishing
- Occurred / detected
- Not confirmed
- Scale of damage
- $12.8 million lost in wire transfer, funds recovered
- Cause / method
- Wire transfer fraud using an email impersonating a business partner and a forged approval document
- Location
- Singapore
If your data was exposed
- Don’t tap links in texts, calls or emails that mention this incident and offer compensation, refunds or breach checks. Check directly on the organization’s official website or app.
Timeline
- The $12.8 million wire transfer fraud against a Singapore petrochemical company and the police recovery of the funds emerged.
1 related reports
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organization’s official statements for accurate details.