RSS
Twitter
Phishing Scammers Convince Grocery Store To Give Them $10 Million
from the the-big-phish dept
By now, most people are familiar with how phishing scams work, usually preying on individuals and tricking them into handing over data that allows the scammers access to bank accounts or other useful info. However, scammers have been aiming a bit higher lately. One tactic is commonly referred to as "spear phishing," where scammers focus on business targets, and attempt to convince them that they're actually coming from partners or suppliers. Apparently one such spear phishing attempt nearly worked to the tune of $10 million. The scammers sent two emails to someone at the headquarters of the supermarket chain Supervalu, purporting to be from Supervalu suppliers American Greetings and Frito-Lay. Both emails claimed that their bank account info had changed and Supervalu now needed to deposit payments into different accounts. Someone at Supervalu followed the instructions, leading approximately $10 million to be deposited into the two accounts over a period of about 4 days. At this point, someone from Supervalu figured out there was a problem and alerted the authorities, who were then able to recover most of the money before the scammers withdrew it. However, it appears that no one has yet figured out who opened the accounts, though Supervalu has filed a lawsuit in order to try to get that information.
