& Programs

Contact an Expert

Hylant logo

Case Study | Managing Risks: Cybercrime Security in Manufacturing

Oct 24, 2018 blog featured image


Hylant specializes in providing unique risk management protection options for large corporations in a variety of emerging risks, such as cybercrime.

One client experienced such an attack.

An employee at a large manufacturing company received what appeared to be a routine email from the company’s philanthropist president. Included was a request for a $21,000 wire transfer to the accounting department. Emails were exchanged between the accounts payable department and the email sender, and the funds were ultimately transferred.

Three weeks later, a similar request of $98,000 was submitted. Accounting advised the CFO, who called the president to confirm the request. The president said she had not sent the request, and upon investigation discovered the previous request was also fraudulent.

What We Did

Learn how Hylant ensured the company was covered by their insurance policy by downloading the case study.

Case Study: Cyber Crime

Blog Subscription

Like to be informed? We’ll gladly notify you of any news alerts and articles that may be of interest to you. Just fill out the form below.