How a Single Email Stole $1.9 Million from Southern Oregon University

Graham Cluley writes:

Southern Oregon University has announced that it is the latest organization to fall victim to a business email compromise (BEC) attack after fraudsters tricked the educational establishment into transferring money into a bank account under their control.

According to media reports, the university fell for the scam in late April when it wired $1.9 million into a bank account. They believed they were paying Andersen Construction, a contractor responsible for constructing a pavilion and student recreation center.

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