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Cyber Security

Over $800,000 Stolen by Scammers in Atlanta Area City BEC Fraud

The City of Griffin, Georgia, was targeted in a BEC (Business Email Compromise) attack by redirecting two transactions to their own bank accounts. Attackers used a phishing email to trick an official into wiring a payment to their account instead of the one of the legitimate vendor who was supposed to receive those funds. The FBI is investigating the incident and the city manager believes they can recover the money in the next few days. BEC scams are widespread scams in which crooks deceive employees of privately-held companies and public organizations into wiring money entities they trust.

Source: https://www.bleepingcomputer.com/news/security/over-800-000-stolen-by-scammers-in-atlanta-area-city-bec-fraud/

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