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Cyber Security

Ultimate’ MiTM Attack Steals $1M from Israeli Startup

Researchers uncovers ultimate man-in-the-middle attack that used an elaborate spoofing campaign to fool a Chinese VC firm and rip off an emerging business. An attacker used unique tactics, including communicating through email and canceling a critical in-person meeting to fool both parties on either end of the transfer, researchers said. The $1 million wire-transfer made between the two parties never reached the startup. Researchers offer recommendations to avoid scenarios like this one they uncovered.

Source: https://threatpost.com/ultimate-mitm-attack-steals-1m-from-israeli-startup/150840/

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