An organized crime group has spent the last month defrauding US companies, a blog says. The crime group is conducting “a major offensive” against US firms using a sophisticated social engineering attack. The attacks have a high rate of success, often fooling enterprises into sending amounts of $50,000 to $1 million. The attack works in much the same way as a traditional phishing attack, only the stakes are much higher. IT organizations should warn their accounting departments about this fraud, TrustedSec says.”]

