$807,130 Stolen by Hackers After Cape Cod Community College Phishing Attack

guest · Dec 10, 2018

$807,130 Stolen by Hackers After Cape Cod Community College Phishing Attack
College managed to recover only $278,887
December 10, 2018
https://news.softpedia.com/news/807...ommunity-college-phishing-attack-524208.shtml

Cape Cod Community College (locally known as Four Cs) was impacted by a cybersecurity attack which compromised computers on the college campus via a phishing attack that dropped a malware payload designed to steal banking information.

"The malware targeted the college’s financial transactions. It appears as though it overwrote the URL address for the college’s bank, TD Bank, creating a fake site that looked and functioned like the financial institution," told the college's President John Cox to Cape Cod Times.

[...] the actors behind the attack were also able to validate the nine transactions by making multiple phone calls using social engineering techniques that persuaded the bank employees to clear the money transfers.
The money recovery process is ongoing, $278,887 already recovered
To date, $278,887 of the funds have been returned and the recovery process is ongoing," concluded Cox in an email notification secured by Cape Cod Today.
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