Yahoo Finance reported:
According to the Citrus County Sheriff’s Office, $846,864.86 was intended for a trusted vendor who was working on a construction project for the school district. However, the money was wired to a fraudster’s account after they sent a fake—but convincing—email that resembled the vendor’s usual messages.
According to the Citrus County Sheriff’s Office, the fraudster copied the vendor’s email address and made it look nearly identical to the real one. They also included a fake bank account number for payment. The scam worked because the email was so well-crafted that it didn’t raise immediate red flags.
Thanks to that quick response, investigators were able to freeze and recover about 92% of the funds—roughly $779,600. More than $67,000 was still missing, and the investigation remains ongoing.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
According to the Citrus County Sheriff’s Office, $846,864.86 was intended for a trusted vendor who was working on a construction project for the school district. However, the money was wired to a fraudster’s account after they sent a fake—but convincing—email that resembled the vendor’s usual messages.
According to the Citrus County Sheriff’s Office, the fraudster copied the vendor’s email address and made it look nearly identical to the real one. They also included a fake bank account number for payment. The scam worked because the email was so well-crafted that it didn’t raise immediate red flags.
Thanks to that quick response, investigators were able to freeze and recover about 92% of the funds—roughly $779,600. More than $67,000 was still missing, and the investigation remains ongoing.
Find the original article here.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat