Cyber criminals with the help of a lonely insider at subsidiary stole $272 million stolen from company

Synopsis

EssilorLuxottica, the Thailand-based manufacturer of Ray-Ban glasses, experienced a cyber fraud incident that resulted in the loss of $272 million from its JPMorgan Chase bank account. The company is suing JPMorgan Chase for failing to detect and prev...

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Companies

  • EssilorLuxottica SA
  • Essilor Manufacturing (Thailand) Co.
  • JPMorgan Chase & Co.

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