businessemailcompromise News & Analysis

Zephyr Energy (ZPHR) Reports £700,000 Stolen by Hacker Payment Redirect

Zephyr Energy (ZPHR) experienced a theft of £700,000 (approximately $1 million) from one of its U.S.-based subsidiaries through a payment redirection scheme. The company issued a regulatory filing with the London Stock Exchange, stating it is collaborating with banks and consultants for fund recovery. While the exact method of the hacking incident was not disclosed, it highlights the growing risk of business email compromise attacks, which the FBI reported resulted in over $3 billion in losses in 2025. Despite this incident, Zephyr affirmed that its operations are unaffected and have implemented additional security measures.