Hacker stole £700,000 from U.K. energy firm

A United Kingdom energy company has fallen victim to a sophisticated cyberattack, losing approximately £700,000. The breach occurred when a hacker successfully redirected a payment intended for a contractor. Instead of reaching its legitimate destination, the substantial sum was rerouted into the hacker's personal bank account. This incident highlights the persistent threat of payment redirection fraud targeting businesses, particularly within the critical energy sector, underscoring the need for robust security measures and verification protocols.