MacEwan University victim of $11.8 million phishing scam

An Edmonton university is working with authorities to recover the $11.8 million they lost in a phishing attack this August. The RCMP qualifies phishing as fraudulent communications where scammers impersonate well-known institutions to dupe victims into offering up personal, sensitive, and financial information. According to Global News, the scammers sent emails to MacEwan University claiming to be Clark Builders, a local construction company with which the university holds contracts. The emails asked to have banking information changed so that payments could be made to new accounts. Three payments—$1.9 million, $22,000, and $9.9 million—were made, but when Clark Builders called to say they hadn’t received them, the university realized it had been defrauded, according to CBC. In a statement, the university said […]

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