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$1.7 million still missing after North Carolina county hit by business email compromise scam

Cabarrus County in North Carolina, home to NASCAR races at the Charlotte speedway, was duped into wiring US $2.5 million into the pockets of online criminals. Money intended for construction of a brand new high school was instead placed in a bank account controlled by scammers by officials of a North Carolina county. The county says staff followed the correct processes requesting that forms and documentation (including an electronic funds transfer (EFT) form signed by the bank) were submitted to make the change. One week later, the county received the documentation from the criminals, and saw nothing to raise any concerns.”]

Source: https://www.bitdefender.com/blog/hotforsecurity/1-7-million-still-missing-after-north-carolina-county-hit-by-business-email-compromise-scam/

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