Magazine Publisher Phished for Millions

Magazine publisher Conde Nast received a email from a company with a name similar to their regular printers asking them to update their payment information.   Conde Nast dutifully began sending their monthly payments electronically to a bank account in Houston Texas.

$8 million was collected before the printers contacted the publisher to ask why they hadn’t been paid.  Surprisingly the money was still in the account.  No word on whether the person opening the account was a money mule or a the perpetrator.   The surprising part is all the money still remaining in the account.

Source: Reuters