KPMG says impersonation likely caused Capillary Czech unit's €3 million loss
In short
KPMG found that Capillary Technologies’ Czech subsidiary likely lost more than €3 million because of impersonation and social engineering. The report says this was a payment-diversion fraud, not a hacking attack.
This matters for Capillary Technologies and its payment controls. The reporting does not say who was behind the fraud or whether any money has been recovered.
What the reporting says
A KPMG forensic report found that impersonation and social engineering, rather than hacking, likely caused more than €3 million in losses at Capillary Technologies’ Czech subsidiary. The publisher-supplied summary says the money was lost in a payment-diversion fraud. The reporting points to an internal fraud mechanism, but it does not say who was impersonated, whether funds were recovered, or what controls failed.
Why it matters
KPMG’s forensic report says impersonation and social engineering likely caused a payment-diversion fraud that cost Capillary Technologies’ Czech subsidiary more than €3 million. The finding shifts the suspected cause away from hacking and toward fraud tactics targeting payments. The source does not identify the perpetrators, the specific victimized staff or counterparties, or whether the company has recovered any of the lost amount.