Hacker stole £700,000 from U.K. energy company by redirecting payment

Hacker stole £700,000 from U.K. energy company by redirecting payment

THIS WEEK ONLY: Save up to $500 on your Disrupt pass. Offer ends April 10, 11:59 p.m. PT. Register here. Save up to $680 on your Disrupt 2026 pass. Ends 11:59 p.m. PT tonight. REGISTER NOW. TechCrunch Desktop Logo TechCrunch Mobile Logo LatestStartupsVentureAppleSecurityAIApps EventsPodcastsNewsletters SearchSubmit Site Search Toggle Mega Menu Toggle Topics Latest British oil and gas company Zephyr Energy says someone stole £700,000 (close to $1 million) from one of its U.S.-based subsidiaries by redirecting a payment meant for a contractor into a hacker-controlled account. In a regulatory filing with the London Stock Exchange on Thursday, the company said it is “working with the corresponding banks and consultants to attempt to recover the diverted funds.” While the company did not say how the incident occurred, hackers are known to break into email inboxes or accounting systems and use

Source: https://techcrunch.com/2026/04/09/hacker-stole-700000-from-u-k-energy-company-by-redirecting-payment/