Phishing Attack Scams Canadian University for $11.8 Million - Rhea Kelly, Campus Technology

Canada's MacEwan University is working to recover $11.8 million CAD (the equivalent of about $9.5 million USD) after a phishing attack led to a transfer of the funds to a fraudulent account. A series of e-mails appearing to be from one of the institution's vendors convinced administrators to change its electronic banking information, the university reported in a statement today. So far, more than $11.4 million CAD has been traced to accounts in Canada and Hong Kong; the funds have been frozen and the university is pursuing legal action to recover the money, the statement said. https://campustechnology.com/articles/2017/08/31/phishing-attack-scams-canadian-university-for-11-8-million.aspx