Email Hacking, Spoofing and Phishing for Stolen Cash
NetDiligence® | 02/08/2018
Cases
- Ubiquiti Networks Inc. disclosed recently that cyber thieves recently stole $46.7 million using an increasingly common scam in which bad guys spoof email communications from executives at the victimized businesses in a bid to initiate unauthorized international wire transfers, to steal money.
- Con artists recently made off with a whopping $17.2 million from one of Omaha, Nebraska’s oldest companies, the employee-owned commodities trader The Scoular Co. According to Omaha.com, an executive with the 800-employee company was duped and wired the money in installments last summer to a bank in China after receiving emails ordering him to do so.
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