Valley News reported:
Dickinson Public Schools in North Dakota has fallen victim to a sophisticated email fraud scheme that redirected nearly $4.92 million in vendor payments to criminals posing as a trusted contractor.
The district identified the business email compromise scam after criminals impersonated a vendor and redirected two scheduled payments to a fraudulent account. District officials immediately notified financial institutions, initiated recovery efforts, and contacted local law enforcement upon discovering the irregular activity.
The district identified the business email compromise scam after criminals impersonated a vendor and redirected two scheduled payments to a fraudulent account. District officials immediately notified financial institutions, initiated recovery efforts, and contacted local law enforcement upon discovering the irregular activity.
Find the original article here.
Takeaway: Confirm with the vendor before making a remittance change that it is valid and after the payment is made to confirm they received the payment. Further, scammers are in the US too.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Takeaway: Confirm with the vendor before making a remittance change that it is valid and after the payment is made to confirm they received the payment. Further, scammers are in the US too.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat