Mammoth email scam: €4m fraud at the expense of Greek shipping company

Greek police have identified two foreign nationals suspected of carrying out a €4 million Business Email Compromise (BEC) fraud against a Greek shipping company. The investigation into the case began following a complaint filed in August 2025 by a representative of a Greek shipping company, regarding computer fraud against the company, prompting an immediate investigation by the Cyber Crime Prosecution Unit of the Hellenic Police.

The suspects gained illegal access to electronic correspondence between the company and a cooperating banking institution abroad and, using a misleading email address that resembled the corporate one, as well as fake payment orders, succeeded in transferring the sum of €4 million to a bank account of a company based in Bulgaria.

The case involves the legal entity that appears as the beneficiary of the bank account where the fraud money was transferred, as well as the person involved in its management.

In the context of