The Holiday Scam That Cost One Company $60 Million

Last December, an accounts payable clerk at a midsize company got an urgent text from her “CEO”: Buy $3,000 worth of Apple gift cards for clients, scratch the backs and e-mail the codes.

Last December, an accounts payable clerk at a midsize company got an urgent text from her “CEO”: Buy $3,000 worth of Apple gift cards for clients, scratch the backs and e-mail the codes.