Fake payment instruction: Association and foundation, Germany
Via the chairman’s hacked email account, the treasurer received a fake invoice for fitness equipment.
- Incident · date unknown · Germany
- Evidence: one media report
- Fake payment instruction
- Account takeover
As of
What happened
She transferred the amount to an account at a bank in Switzerland. The equipment never arrived.
- Affected
- Company (anonymous)
- Industry
- Association and foundation
- Loss
- EUR 3'850
- Business interruption
- unknown
- Ransom demanded / paid
- unknown / unknown
- Data affected
- unknown
- Bankruptcy
- no
- Entry point
- Hacked email account of the club chairman
What would cyber insurance have paid?
That depends on the terms. Whether those affected were insured: unknown.
-
CEO fraud, diverted payment, fake invoice
Mostly add-on 5 of 9 business products cover it fully, as an add-on or with limits.
Overview based on public policy terms, as of 06.11.2026. Only your policy and its general terms and conditions (GTC) are binding. No confirmation of cover.
What we can learn
Approve payments in the club according to the four-eyes principle and confirm orders by telephone with the sender.