Hacker stole £700,000 from U.K. energy company by redirecting payment
TechCrunch·1h ago·Fear
What Happened
Zephyr Energy, a British oil and gas company, reported that hackers stole £700,000 from its U.S. subsidiary by redirecting a contractor payment to a hacker-controlled account. The company is working with banks and consultants to recover the funds. Business email compromise attacks, where hackers alter bank details during payments, caused over $3 billion in losses globally in 2025, according to FBI data. Zephyr's operations continue normally.
Key Entities
Zephyr Energy£700,000Business email compromiseFBI$3 billionU.K. energy companyU.S. subsidiary