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Spoofed Vendor Emails Direct Payments to Fraudulent Account
Paragon Company experienced a business email compromise fraud attack. Employees at the company received emails purportedly from their vendor, Alert Corporation, requesting a change to their bank account information. Employees at Paragon Company complied with the email requests without calling the vendor to verbally confirm the new payment instructions and originated a large-dollar wire transfer to the vendor at the unconfirmed account.
Paragon Company experienced a business email compromise fraud attack. Employees at the company received emails purportedly from their vendor, Alert Corporation, requesting a change to their bank account information. Employees at Paragon Company complied with the email requests without calling the vendor to verbally confirm the new payment instructions and originated a large-dollar wire transfer to the vendor at the unconfirmed account.
