Investigation underway after MacEwan University loses nearly $12M in phishing scam

From CTV News, “some staff had fallen victim to an online fraud scam that led the university to transfer millions of dollars to a fraudster.

The fraudulent emails were received from an address believed to belong to the vendor and exchanged with university staff from late June into early August. Three separate payments were made: $1.0 million on August 10, $22,000 on August 17, $9.9 million on August 19.

“What happened was, a domain site with the authentic logo and everything was sent,” Beharry said. “The individual asked us to change the banking information from the vendor. That information was changed. We found out about the fraudulent transactions when the vendor contacted us to inquire about why they hadn’t received their payments.”

Once the fraud was discovered, officials pursued criminal and civil action in an effort to trace the funds and recover them.”

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