The Oregonian reported:
A person posing as a city of Portland vendor persuaded a city employee to send them a link allowing them to redirect $6.7 million meant for a legitimate vendor to them, a lawsuit filed in New York this month says.
The fraudster sent a message to the system asking to change the vendor’s bank account information.
But no change was made because the system sent a security email to the address on file that went unanswered.
The fraudster, though, persisted, and a “deceived” employee responded with a link that let the person reset the vendor’s payment information.
Luckily, the person’s suspicious activity came to the attention of the FBI, according to the suit, and the banks handling the transaction alerted the city and stopped payment.
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
A person posing as a city of Portland vendor persuaded a city employee to send them a link allowing them to redirect $6.7 million meant for a legitimate vendor to them, a lawsuit filed in New York this month says.
The fraudster sent a message to the system asking to change the vendor’s bank account information.
But no change was made because the system sent a security email to the address on file that went unanswered.
The fraudster, though, persisted, and a “deceived” employee responded with a link that let the person reset the vendor’s payment information.
Luckily, the person’s suspicious activity came to the attention of the FBI, according to the suit, and the banks handling the transaction alerted the city and stopped payment.
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