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Hackers steal $644,000 from Cyprus-based shipping firm

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A Cyprus-based shipping firm has become the victim of a fraud as hackers stole $644,000 from the firm, reports The Maritime Executive.

The hackers presented themselves as the firm's fuel supplier in Africa and requested the shipping firm to make payment to a different bank account.

The money has been traced to Poland.

The country's police are investigating the incident and are working with Interpol to locate the hackers.

International shipping associations are formulating standards and guidelines to address major cyber security issues faced by the shipping industry.

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