Cybercriminals are getting smarter, and phishing attacks have become one of the biggest threats to businesses worldwide. A recent phishing scam involving Megha Engineering and Infrastructures Limited (MEIL) in Hyderabad is a clear example of how even well-established businesses can fall prey to cyber fraud. Hyderabad-based MEIL was tricked into transferring ₹5.47 crores to a fraudulent bank account. Cybercriminals impersonated Duiker Combustion Engineers, a Dutch supplier working with MEIL, and convinced the company to send payments to a fake U.S.-based bank account instead of the legitimate one in the Netherlands.
This attack was meticulously planned. By the time MEIL realized the fraud, the funds were already gone. This incident underscores an urgent need for businesses to strengthen their cybersecurity measures—especially against phishing attacks that exploit human trust and errors.
Phishing is no longer just about emails claiming you’ve won a lottery. Attackers now use AI-driven tactics and social engineering techniques to impersonate trusted individuals and organizations. Some common phishing methods include:
- Email Spoofing – Attackers forge email addresses to make messages appear as though they are coming from legitimate sources.
- Business Email Compromise (BEC) – Fraudsters pose as senior executives or suppliers to request urgent financial transactions.
- Fake Websites – Scammers create convincing copies of real websites to steal login credentials.
- Social Engineering – Attackers manipulate employees into revealing sensitive information through psychological tricks.
While advanced tools like Microsoft 365 Business Premium provide a strong defence, human vigilance remains crucial. Regular training and simulated phishing exercises can help employees recognize and avoid potential threats.
At Logix, we specialize in implementing robust phishing protection strategies tailored to your organization’s needs. Our comprehensive solutions combine cutting-edge technology with employee education to minimize vulnerabilities. Get access to:
- Simulated Phishing Campaigns
- Advanced Threat Detection
- Domain Spoofing Prevention
- 24/7 Security Monitoring
Protect your business from phishing attacks. Contact Logix today to learn more about our phishing protection services.