Cannabis Company Loses Millions in BEC Scam

Australian medicinal cannabis company Cann Group has lost $3.6 million in a business email compromise (BEC) attack, Stockhead reports. The company had thought it was paying an unnamed “overseas contractor,” but the payments were actually going to “an unknown third party.” The attack was discovered overnight on February 4th, and the fraudulent payments were related to the construction of the company’s 34,000 sq/m growing facility in Mildura, Victoria.
Read More

Please follow and like us: